Dun & Bradstreet’s (DNB) Buy Rating Reiterated at Needham & Company LLC

Dun & Bradstreet (NYSE:DNB)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports. They currently have a $17.00 price target on the business services provider’s stock. Needham & Company LLC’s target price would suggest a potential upside of 81.82% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, April 12th. The Goldman Sachs Group boosted their price target on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, Raymond James upgraded shares of Dun & Bradstreet from an “outperform” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.64.

Dun & Bradstreet Stock Up 1.3 %

Shares of Dun & Bradstreet stock traded up $0.12 during trading on Thursday, hitting $9.35. 2,831,654 shares of the stock were exchanged, compared to its average volume of 3,489,225. Dun & Bradstreet has a 12-month low of $8.68 and a 12-month high of $12.62. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of -84.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50-day moving average price is $9.85 and its 200 day moving average price is $10.44.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Dun & Bradstreet had a negative net margin of 2.03% and a positive return on equity of 10.65%. The firm had revenue of $630.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same period in the previous year, the company earned $0.28 earnings per share. Dun & Bradstreet’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts forecast that Dun & Bradstreet will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Dun & Bradstreet

In other news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $10.09, for a total transaction of $100,900,000.00. Following the transaction, the director now directly owns 69,048,691 shares in the company, valued at $696,701,292.19. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Dun & Bradstreet

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in Dun & Bradstreet by 4.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,208,101 shares of the business services provider’s stock worth $166,235,000 after buying an additional 588,460 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dun & Bradstreet by 9.0% in the third quarter. Vanguard Group Inc. now owns 26,295,885 shares of the business services provider’s stock valued at $262,696,000 after purchasing an additional 2,176,044 shares in the last quarter. Ariel Investments LLC lifted its stake in shares of Dun & Bradstreet by 34.3% during the third quarter. Ariel Investments LLC now owns 3,557,872 shares of the business services provider’s stock valued at $35,543,000 after buying an additional 908,481 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Dun & Bradstreet by 55.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,699,014 shares of the business services provider’s stock valued at $26,963,000 after buying an additional 962,045 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Dun & Bradstreet during the third quarter valued at approximately $2,809,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.