In a report released today, Marc Wiesenberger from B.Riley FBR reiterated a Buy rating on DHI Group (DHX), with a price target of $4. The company’s shares closed yesterday at $3.55.
Wiesenberger said:
“Buy-rated DHI Group, Inc. (DHX, $4.00 PT) will report 2Q19 results AMC on and hold a conference call at 5pm ET (Dial-in: Passcode: 8686066). We model revenue/adjusted $38.1M/$8.5M/$0.07 relative to consensus’ $38.0M/$8.6M/$0.07, respectively. With 1Q validating management’s tech-focused strategy, we believe 2Q will build upon the company’s momentum as new product features, an improved sales force, and increased marketing channels accelerate the virtuous cycle; new features improve hiring results for recruiters, which drive increases in subscribers, resulting in increases in candidates using the platform.”
Wiesenberger has an average return of 27.1% when recommending DHI Group.
According to TipRanks.com, Wiesenberger is ranked #945 out of 5258 analysts.
DHI Group has an analyst consensus of Moderate Buy, with a price target consensus 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.
