Dun & Bradstreet (NYSE:DNB) Reaches New 1-Year Low – Here’s Why

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.77 and last traded at $8.80, with a volume of 545756 shares trading hands. The stock had previously closed at $9.00.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DNB shares. The Goldman Sachs Group lowered 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Finally, Needham & Company LLC decreased their target price on shares of Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.50.

Dun & Bradstreet Stock Down 0.5 %

The firm has a market capitalization of $3.95 billion, a P/E ratio of -150.06, a P/E/G ratio of 2.21 and a beta of 1.14. 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 company has a 50 day simple moving average of $11.25 and a two-hundred day simple moving average of $11.64.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The company had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. On average, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.23%. Dun & Bradstreet’s dividend payout ratio is currently -333.33%.

Institutional Investors Weigh In On Dun & Bradstreet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi raised its position 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 during the period. Cetera Investment Advisers grew its stake in shares of Dun & Bradstreet by 5.5% during the fourth quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider’s stock valued at $297,000 after buying an additional 1,240 shares during the last quarter. Xponance Inc. raised its holdings in shares of Dun & Bradstreet by 16.5% in the fourth quarter. Xponance Inc. now owns 13,252 shares of the business services provider’s stock worth $165,000 after buying an additional 1,881 shares during the period. Cerity Partners LLC lifted its stake in shares of Dun & Bradstreet by 10.1% during the 4th quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider’s stock worth $259,000 after acquiring an additional 1,909 shares during the last quarter. Finally, Truist Financial Corp grew its position in Dun & Bradstreet by 8.7% in the 4th quarter. Truist Financial Corp now owns 24,420 shares of the business services provider’s stock valued at $304,000 after acquiring 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.