DHI Group (NYSE:DHX) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

DHI Group (NYSE:DHX) posted its earnings results on Tuesday. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01, reports. The business had revenue of $35.28 million during the quarter, compared to analysts’ expectations of $35.24 million. DHI Group had a return on equity of 7.87% and a net margin of 0.95%. DHI Group updated its Q4 2024 guidance to EPS.

DHI Group Price Performance

DHX stock traded down $0.01 during mid-day trading on Friday, hitting $1.63. 10,249 shares of the stock were exchanged, compared to its average volume of 213,190. The business has a fifty day moving average price of $1.72 and a 200 day moving average price of $1.98. DHI Group has a 12 month low of $1.45 and a 12 month high of $2.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.45. The stock has a market capitalization of $78.78 million, a price-to-earnings ratio of 40.51 and a beta of 1.04.

Hedge Funds Weigh In On DHI Group

A number of large investors have recently modified their holdings of DHX. Mirae Asset Global Investments Co. Ltd. bought a new position in DHI Group during the first quarter valued at approximately $45,000. BNP Paribas Financial Markets boosted its stake in shares of DHI Group by 76.9% in the 1st quarter. BNP Paribas Financial Markets now owns 21,329 shares of the technology company’s stock valued at $54,000 after purchasing an additional 9,274 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of DHI Group by 145.7% in the 1st quarter. First Eagle Investment Management LLC now owns 388,449 shares of the technology company’s stock valued at $991,000 after purchasing an additional 230,323 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in DHI Group by 26.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,653,745 shares of the technology company’s stock worth $4,217,000 after purchasing an additional 344,014 shares during the period. Finally, Vanguard Group Inc. lifted its stake in DHI Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,628,613 shares of the technology company’s stock worth $6,703,000 after purchasing an additional 16,342 shares during the last quarter. 69.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com downgraded DHI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. B. Riley dropped their target price on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Wednesday. Finally, Barrington Research reissued an “outperform” rating and issued a $7.00 price target on shares of DHI Group in a research note on Monday.

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.