Capital Research & Management Co recently announced the acquisition of new stake in Dun & Bradstreet Holdings Inc. (NYSE:DNB). The institutional investor has increased its shareholding in the Financial company by 9.07% to 25.51 million shares with purchase of 2.12 million shares. This fresh investment now brings its stake to 5.86% valued currently at $306.41 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.59 million to 23.42 million shares. And Mawer Investment Management Ltd. has lifted its position by 3.93% or 0.79 million shares – to 20.82 million shares.
With over 2.99 million Dun & Bradstreet Holdings Inc. (DNB) shares trading Friday and a closing price of $11.31 on the day, the dollar volume was approximately $33.86 million. The shares have shown a negative half year performance of -23.17% and its price on 03/10/23 lost nearly -3.00%. Currently, there are 429.40M common shares owned by the public and among those 339.98M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for DNB have a consensus price objective of $14.86. The analysts have set the share’s price value over the next 12 months at a high of $18.00 and a low of $12.00. The average price target is 25.0% above its recent price level and an upside to the estimated low will see the stock gain 5.75% over that period. But an upside of 37.17% will see the stock hit the forecast high price target while median target price for the stock is $15.00.
Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 1,480,787 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 26,354,313 shares.
The top 3 mutual fund holders in Dun & Bradstreet Holdings Inc. are American Funds Fundamental Invest, Allspring Special Mid Cap Value F, and American Funds Growth Fund of Ame. American Funds Fundamental Invest owns 9.42 million shares of the company’s stock, all valued at over $113.11 million. American Funds Growth Fund of Ame now owns shares totaling to 2.05% of the shares outstanding.
Shares of Dun & Bradstreet Holdings Inc. (NYSE: DNB) opened at $11.60, down -$0.06 from a prior closing price of $11.66. However, the script later moved the day high at 11.72, down -3.00%. The company’s stock has a 5-day price change of -8.12% and -17.51% over the past three months. DNB shares are trading -7.75% year to date (YTD), with the 12-month market performance down to -34.05% lower. It has a 12-month low price of $11.23 and touched a high of $18.05 over the same period. DNB has an average intraday trading volume of 2.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.15%, -13.71%, and -18.80% respectively.
Institutional ownership of Dun & Bradstreet Holdings Inc. (NYSE: DNB) shares accounts for 88.20% of the company’s 429.40M shares outstanding. Mutual fund holders own 31.33%, while other institutional holders and individual stakeholders account for 60.09% and 18.45% respectively.
It has a market capitalization of $5.08B. The earnings-per-share (ttm) stands at -$0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.96% over the week and 3.11% over the month.
Analysts forecast that Dun & Bradstreet Holdings Inc. (DNB) will achieve an EPS of $0.34 for the current quarter, $0.24 for the next quarter and $1.14 for 2023. The lowest estimate earnings-per-share for the quarter is $0.32 while analysts give the company a high EPS estimate of $0.4. Comparatively, EPS for the current quarter was $0.33 a year ago. Earnings per share for the fiscal year are expected to increase by 96.80%, and 12.40% over the next financial year. EPS should grow at an annualized rate of 2.49% over the next five years, compared to -15.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Dun & Bradstreet Holdings Inc. (DNB) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 5 of the 14 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the DNB, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on February 23, 2023, with the firm’s price target at $15-$17. BofA Securities coverage for the Dun & Bradstreet Holdings Inc. (DNB) stock in a research note released on January 17, 2023 offered a Buy rating with a price target of $15.50. Wells Fargo was of a view on July 13, 2022 that the stock is Overweight, while BofA Securities gave the stock Neutral rating on July 06, 2022, issuing a price target of $16- $17. RBC Capital Mkts on their part issued Sector Perform rating on June 06, 2022.
