DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $30.24.

Several brokerages recently issued reports on DV. The Goldman Sachs Group reduced their price target on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday. Barclays lowered their price objective on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Truist Financial reduced their target price on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Morgan Stanley increased their price objective on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th.

DoubleVerify Price Performance

Shares of DV opened at $17.36 on Friday. The stock has a 50-day moving average of $18.01 and a 200-day moving average of $21.11. DoubleVerify has a one year low of $16.38 and a one year high of $43.00. The company has a market cap of $2.98 billion, a PE ratio of 45.67, a P/E/G ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The company had revenue of $155.89 million for the quarter, compared to analyst estimates of $153.78 million. During the same period last year, the firm earned $0.07 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Analysts expect that DoubleVerify will post 0.3 EPS for the current fiscal year.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,380,638.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 7,056 shares of company stock worth $124,644 in the last 90 days. 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 the business. Vanguard Group Inc. increased its stake in shares of DoubleVerify by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after buying an additional 2,017,687 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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 purchasing an additional 2,120 shares during the period. Park Avenue Securities LLC raised its position in shares of DoubleVerify by 27.9% in the 1st quarter. Park Avenue Securities LLC now owns 39,024 shares of the company’s stock valued at $1,372,000 after acquiring an additional 8,509 shares during the period. Congress Asset Management Co. MA grew its holdings in shares of DoubleVerify by 813.2% in the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after buying an additional 3,577,575 shares during the period. Finally, Washington Capital Management Inc. acquired a new stake in shares of DoubleVerify during the first quarter worth about $380,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

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.