Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Receives Average Rating of “Hold” from Brokerages

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $11.86.

DNB has been the topic of several research reports. Wall Street Zen began coverage on shares of Dun & Bradstreet in a research note on Wednesday, May 21st. They set a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Jefferies Financial Group reissued a “hold” rating and issued a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Needham & Company LLC restated a “hold” rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group dropped their target price on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

Insider Buying and Selling

In other Dun & Bradstreet news, Director Chinh Chu sold 10,885,403 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the transaction, the director now owns 23,810 shares of the company’s stock, valued at approximately $213,099.50. This represents a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $8.96, for a total value of $22,400,000.00. Following the sale, the chairman now owns 5,609,644 shares of the company’s stock, valued at $50,262,410.24. This trade represents a 30.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,885,403 shares of company stock valued at $142,299,357 in the last three months. 10.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dun & Bradstreet

Several hedge funds have recently modified their holdings of the stock. Amundi increased its stake in Dun & Bradstreet by 27.9% in the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,126 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Dun & Bradstreet in the first quarter worth approximately $68,000. Neo Ivy Capital Management purchased a new position in shares of Dun & Bradstreet in the fourth quarter worth approximately $96,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Dun & Bradstreet during the first quarter valued at approximately $73,000. Finally, Empowered Funds LLC purchased a new stake in shares of Dun & Bradstreet in the 4th quarter valued at approximately $127,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

Dun & Bradstreet Price Performance

Shares of DNB opened at $9.00 on Wednesday. Dun & Bradstreet has a 52 week low of $7.78 and a 52 week high of $12.95. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -149.98, a PEG ratio of 2.21 and a beta of 1.14. The stock has a 50 day moving average of $8.88 and a 200-day moving average of $10.42.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. As a group, analysts forecast that Dun & Bradstreet will post 0.96 EPS for the current year.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.