Dun & Bradstreet (NYSE:DNB) Sees Large Volume Increase - What's Next?

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 9,215,468 shares traded hands during trading, an increase of 46% from the previous session's volume of 6,299,873 shares.The stock last traded at $9.07 and had previously closed at $9.06.

Analyst Ratings Changes

A number of research analysts recently weighed in on DNB shares. Wall Street Zen initiated coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating for the company. Raymond James Financial downgraded Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research report on Friday, June 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, Dun & Bradstreet presently has an average rating of "Hold" and an average price target of $11.86.

Dun & Bradstreet Trading Up 0.1%

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.06. The stock has a 50-day simple moving average of $8.98 and a two-hundred day simple moving average of $10.01. The firm has a market capitalization of $4.05 billion, a P/E ratio of -181.50 and a beta of 1.12.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, equities research analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Chinh Chu sold 10,885,403 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the completion of the sale, the director now owns 23,810 shares in the company, valued at approximately $213,099.50. This represents a 99.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total value of $22,400,000.00. Following the completion of the sale, the chairman now directly owns 5,609,644 shares of the company's stock, valued at $50,262,410.24. The trade was 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 worth $142,299,357 in the last three months. 10.44% of the stock is owned by insiders.

Institutional Investors Weigh In On Dun & Bradstreet

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC purchased a new stake in shares of Dun & Bradstreet during the fourth quarter valued at $127,000. Vontobel Holding Ltd. purchased a new stake in Dun & Bradstreet during the 4th quarter valued at about $709,000. Rhumbline Advisers grew its stake in Dun & Bradstreet by 2.0% during the 4th quarter. Rhumbline Advisers now owns 288,169 shares of the business services provider's stock valued at $3,591,000 after purchasing an additional 5,545 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Dun & Bradstreet by 6.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 175,369 shares of the business services provider's stock valued at $2,185,000 after purchasing an additional 10,209 shares during the period. Finally, Truist Financial Corp raised its stake in shares of Dun & Bradstreet by 8.7% in the fourth quarter. Truist Financial Corp now owns 24,420 shares of the business services provider's stock worth $304,000 after purchasing an additional 1,958 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.

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.