B.Riley FBR Maintains Their Buy Rating on DHI Group (DHX)


In a report released today, Marc Wiesenberger from B.Riley FBR maintained a Buy rating on DHI Group (DHX), with a price target of $4. The company’s shares closed yesterday at $3.72.

Wiesenberger observed:

“Buy-rated DHI Group, Inc. (DHX, $4 PT) reported 2Q revenue/adjusted $37.4M/$9.1M/$0.07 vs. consensus $38.0M/$8.6M/$0.07, respectively. DHX management continues to focus on its three strategic pillars which are 1) product/feature innovation aimed at increasing engagement and utility for recruiters and candidates; 2) expanding its commercial accounts team to drive new customer wins, especially for companies that have internal recruiting teams, and; 3) prudent capital allocation. 2Q was the second straight quarter of tech- focused revenue growth (albeit at 1% Y/Y) after more than two years of continual declines.”

Wiesenberger has an average return of 24.2% when recommending DHI Group.

According to TipRanks.com, Wiesenberger is ranked #642 out of 5245 analysts.

Currently, the analyst consensus on DHI Group is a Moderate Buy with an average price target of $4.

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Based on DHI Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.59 million. In comparison, last year the company had a GAAP net loss of $205K.

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DHI Group, Inc. engages in the provision data, insights and employment connections through services for technology professionals including technology, security clearance and financial services. It offers its services under the following brands: Dice, Dice Europe, ClearanceJobs, Targeted Job Fairs, eFinancialCareers, Rigzone, Hcareers, and BioSpace.

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