Dun & Bradstreet (NYSE:DNB) Sees Unusually-High Trading Volume - Still a Buy?

Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 4,684,937 shares changed hands during mid-day trading, an increase of 40% from the previous session's volume of 3,349,210 shares.The stock last traded at $12.38 and had previously closed at $12.15.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $12.00 price target on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Needham & Company LLC reissued a "buy" rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.13.

Dun & Bradstreet Trading Up 1.4 %

The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of -153.95, a price-to-earnings-growth ratio of 2.88 and a beta of 1.14. The firm has a fifty day moving average price of $12.07 and a 200-day moving average price of $11.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70.

Hedge Funds Weigh In On Dun & Bradstreet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Azora Capital LP increased its stake in Dun & Bradstreet by 119.8% in the third quarter. Azora Capital LP now owns 7,973,354 shares of the business services provider's stock valued at $91,773,000 after acquiring an additional 4,346,033 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Dun & Bradstreet by 5.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider's stock worth $650,292,000 after buying an additional 3,144,458 shares during the last quarter. FMR LLC boosted its stake in Dun & Bradstreet by 17.8% in the third quarter. FMR LLC now owns 11,465,075 shares of the business services provider's stock valued at $131,963,000 after buying an additional 1,733,220 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in Dun & Bradstreet in the third quarter valued at about $17,750,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Dun & Bradstreet by 7.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider's stock worth $242,690,000 after acquiring an additional 1,451,705 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.

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.