DoubleVerify’s (DV) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of DoubleVerify (NYSE:DV) in a report published on Tuesday, Benzinga reports. The firm currently has a $33.00 price target on the stock.

Several other analysts also recently commented on DV. Macquarie reiterated an outperform rating and set a $25.00 target price on shares of DoubleVerify in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an outperform rating and set a $40.00 price target on shares of DoubleVerify in a report on Friday, June 14th. Morgan Stanley increased their price target on DoubleVerify from $21.00 to $22.00 and gave the company an equal weight rating in a report on Tuesday, July 23rd. Barclays lowered their price target on DoubleVerify from $30.00 to $27.00 and set an overweight rating on the stock in a report on Tuesday, July 16th. Finally, The Goldman Sachs Group reissued a buy rating and set a $28.00 price target on shares of DoubleVerify in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $31.53.

DoubleVerify Trading Up 0.4 %

Shares of DV opened at $17.16 on Tuesday. The business’s fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $23.38. DoubleVerify has a 12 month low of $16.93 and a 12 month high of $43.00. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 2.40 and a beta of 0.92.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The business had revenue of $155.89 million for the quarter, compared to the consensus estimate of $153.78 million. During the same period last year, the business posted $0.07 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that DoubleVerify will post 0.3 EPS for the current year.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $20.16, for a total value of $35,562.24. Following the completion of the sale, the chief financial officer now owns 77,314 shares in the company, valued at approximately $1,558,650.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 5,292 shares of company stock worth $104,835. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of DoubleVerify by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,704,229 shares of the company’s stock valued at $62,687,000 after purchasing an additional 252,425 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of DoubleVerify during the fourth quarter valued at about $370,000. Quadrant Capital Group LLC grew its position in shares of DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after purchasing an additional 587 shares in the last quarter. Norges Bank purchased a new position in DoubleVerify in the fourth quarter worth about $58,477,000. Finally, PNC Financial Services Group Inc. increased its stake in DoubleVerify by 15.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,019 shares of the company’s stock worth $589,000 after acquiring an additional 2,120 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.