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

Dun & Bradstreet (NYSE:DNB)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a note issued to investors on Thursday, Benzinga reports. They currently have a $17.00 target price on the business services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 81.82% from the company’s current price.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group lifted 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. Jefferies Financial Group decreased their price target on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Finally, Raymond James upgraded shares of Dun & Bradstreet from an “outperform” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research note on Friday, January 5th. Four investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.64.

Dun & Bradstreet Price Performance

Dun & Bradstreet stock traded up $0.12 during trading hours on Thursday, hitting $9.35. 2,831,654 shares of the company traded hands, compared to its average volume of 3,489,225. The firm has a market cap of $4.14 billion, a P/E ratio of -84.36, a P/E/G ratio of 1.93 and a beta of 1.15. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $9.85 and its two-hundred day simple moving average is $10.44. Dun & Bradstreet has a 1-year low of $8.68 and a 1-year high of $12.62.

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

Insider Activity at Dun & Bradstreet

In related news, Director Cannae Holdings, Inc. sold 10,000,000 shares of Dun & Bradstreet stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $10.09, for a total value of $100,900,000.00. Following the completion of the transaction, the director now directly owns 69,048,691 shares of the company’s stock, valued at $696,701,292.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DNB. Parkside Financial Bank & Trust raised its holdings in shares of Dun & Bradstreet by 7,260.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,797 shares of the business services provider’s stock valued at $33,000 after buying an additional 2,759 shares during the last quarter. Signaturefd LLC raised its holdings in Dun & Bradstreet by 100.7% during the 4th quarter. Signaturefd LLC now owns 3,541 shares of the business services provider’s stock worth $41,000 after purchasing an additional 1,777 shares during the last quarter. CWM LLC raised its holdings in Dun & Bradstreet by 51.0% during the 3rd quarter. CWM LLC now owns 5,370 shares of the business services provider’s stock worth $54,000 after purchasing an additional 1,813 shares during the last quarter. Corton Capital Inc. bought a new stake in Dun & Bradstreet during the 3rd quarter worth about $105,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Dun & Bradstreet during the 3rd quarter worth about $111,000. 86.68% of the stock is owned by institutional investors.

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.