DoubleVerify (NYSE:DV) PT Lowered to $33.00

DoubleVerify (NYSE:DV) had its target price dropped by analysts at JMP Securities from $34.00 to $33.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ target price suggests a potential upside of 96.31% from the stock’s current price.

A number of other equities analysts also recently commented on DV. Piper Sandler reduced their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. Macquarie lowered their price target on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Morgan Stanley upped their price objective on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Barclays decreased their target price on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.65.

DoubleVerify Price Performance

NYSE:DV opened at $16.81 on Wednesday. The business’s 50-day simple moving average is $17.88 and its 200-day simple moving average is $20.56. DoubleVerify has a fifty-two week low of $16.11 and a fifty-two week high of $43.00. The stock has a market capitalization of $2.89 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $155.89 million for 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 firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. On average, research analysts expect that DoubleVerify will post 0.3 earnings per share for the current year.

Insider Activity

In related news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $16.41, for a total transaction of $28,947.24. Following the completion of the sale, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,339,023.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 8,820 shares of company stock worth $153,591. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently modified their holdings of DV. Wealth Enhancement Advisory Services LLC acquired a new position in DoubleVerify during the 3rd quarter worth approximately $472,000. Values First Advisors Inc. grew its stake in shares of DoubleVerify by 17.3% during the third quarter. Values First Advisors Inc. now owns 13,806 shares of the company’s stock worth $232,000 after buying an additional 2,035 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of DoubleVerify by 9.6% during the third quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock worth $69,440,000 after buying an additional 360,445 shares in the last quarter. Townsend Asset Management Corp NC ADV increased its holdings in shares of DoubleVerify by 259.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 109,610 shares of the company’s stock worth $1,846,000 after buying an additional 79,145 shares in the last quarter. Finally, Everence Capital Management Inc. lifted its stake in shares of DoubleVerify by 17.5% in the 3rd quarter. Everence Capital Management Inc. now owns 18,610 shares of the company’s stock valued at $313,000 after acquiring an additional 2,770 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

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.