DHI Group (NYSE:DHX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

DHI Group, Inc. (NYSE:DHX)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.95 and traded as high as $3.26. DHI Group shares last traded at $3.00, with a volume of 205,512 shares trading hands.

Analysts Set New Price Targets

DHX has been the topic of a number of recent analyst reports. B. Riley reduced their price target on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and issued a $7.00 price target on shares of DHI Group in a research report on Thursday, February 6th.

DHI Group Stock Performance

The stock has a market capitalization of $147.00 million, a price-to-earnings ratio of 300.80 and a beta of 1.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $2.33 and its 200 day simple moving average is $1.95.

DHI Group (NYSE:DHX) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. DHI Group had a net margin of 0.18% and a return on equity of 9.21%. Analysts expect that DHI Group, Inc. will post 0.11 earnings per share for the current fiscal year.

DHI Group declared that its Board of Directors has authorized a share buyback program on Tuesday, January 21st that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other DHI Group news, Director Kathleen M. Swann sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $2.96, for a total value of $29,600.00. Following the completion of the transaction, the director now directly owns 118,113 shares of the company’s stock, valued at approximately $349,614.48. The trade was a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 18,200 shares of company stock valued at $45,530. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On DHI Group

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in shares of DHI Group during the fourth quarter worth approximately $25,000. Picton Mahoney Asset Management raised its stake in shares of DHI Group by 92.1% during the fourth quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock worth $31,000 after buying an additional 8,449 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of DHI Group during the fourth quarter worth approximately $32,000. Allworth Financial LP bought a new stake in shares of DHI Group during the third quarter worth approximately $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of DHI Group by 86.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock worth $113,000 after buying an additional 28,552 shares during the last quarter. 69.26% of the stock is owned by institutional investors.

About DHI Group

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.