DoubleVerify (NYSE:DV) Price Target Lowered to $26.00 at Truist Financial

DoubleVerify (NYSE:DV) had its price objective trimmed by Truist Financial from $32.00 to $26.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Barclays dropped their target price on shares of DoubleVerify from $30.00 to $27.00 and set an overweight rating for the company in a report on Tuesday, July 16th. Macquarie reiterated an outperform rating and set a $25.00 target price on shares of DoubleVerify in a research report on Wednesday, July 31st. Needham & Company LLC restated a buy rating and issued a $33.00 price target on shares of DoubleVerify in a research report on Tuesday. Royal Bank of Canada reiterated an outperform rating and set a $40.00 price target on shares of DoubleVerify in a report on Friday, June 14th. Finally, The Goldman Sachs Group restated a buy rating and issued a $28.00 price objective on shares of DoubleVerify in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $31.18.

DoubleVerify Stock Up 0.8 %

DV opened at $17.29 on Wednesday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 45.50, a P/E/G ratio of 2.40 and a beta of 0.92. DoubleVerify has a twelve month low of $16.93 and a twelve month high of $43.00. The company has a 50-day simple moving average of $19.25 and a 200 day simple moving average of $23.34.

DoubleVerify (NYSE:DV) last posted its earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Sell-side analysts anticipate that DoubleVerify will post 0.3 EPS for the current fiscal year.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated 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 transaction, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at approximately $1,558,650.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 5,292 shares of company stock valued at $104,835. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DV. Whittier Trust Co. bought a new stake in DoubleVerify in the 1st quarter valued at about $28,000. RiverPark Advisors LLC bought a new stake in DoubleVerify in the 1st quarter valued at about $54,000. CWM LLC increased its holdings in DoubleVerify by 212.5% during the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after purchasing an additional 1,900 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in DoubleVerify by 72.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,742 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

About DoubleVerify

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.