In a report released yesterday, Kara Anderson from B.Riley FBR maintained a Hold rating on DHI Group (NYSE: DHX), with a price target of $2.50. The company’s shares opened today at $2.25.
Anderson said:
“We have maintained DHX with a Neutral rating for some time as we have long-awaited stronger indications in fundamentals to have more conviction on its growth prospects. While we have expressed pleasure in some positive business highlights, we have yet to see monetizable changes in an increasingly competitive environment which has kept us sidelined despite DHI at times reaching very attractive valuation levels. We do think that management is exploring cost control initiatives as it streamlines its organization and renegotiates contracts to support its targeted 20% adjusted EBITDA margin and believe new CEO Art Zeile has lower tolerance than prior management for underperformance, but believe TCS is looking for more.”
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 12.7% and a 57.7% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Nutrisystem Inc, and TheStreet.
Currently, the analyst consensus on DHI Group is a Hold with an average price target of $2.50.
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DHI Group’s market cap is currently $118.2M and has a P/E ratio of 6.75. The company has a Price to Book ratio of 0.83.
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DHI Group, Inc. engages in the provision of specialized websites and services for professional communities including technology and security clearance, financial services, energy, and hospitality. It offers its services under the following brands: Dice, Dice Europe, ClearanceJobs, eFinancialCareers, Rigzone, Hcareers, and BioSpace.
