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

DoubleVerify Holdings, Inc. (NYSE:DV) has been given a consensus rating of “Moderate Buy” by the twenty research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $24.67.

Several brokerages have weighed in on DV. BMO Capital Markets lowered their target price on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Truist Financial lowered their target price on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Macquarie reissued an “outperform” rating and set a $19.00 price target on shares of DoubleVerify in a research report on Thursday, November 7th.

DoubleVerify Stock Up 0.5 %

DoubleVerify stock opened at $20.67 on Friday. DoubleVerify has a 52-week low of $16.11 and a 52-week high of $43.00. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 3.25 and a beta of 0.97. The company has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $18.80.

DoubleVerify declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity at DoubleVerify

In other 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 transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,339,023.18. This represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 8,820 shares of company stock valued at $155,444. 3.00% of the stock is owned by insiders.

Institutional Trading of DoubleVerify

Institutional investors and hedge funds have recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new stake in DoubleVerify in the third quarter valued at approximately $794,000. Ashford Capital Management Inc. grew its position in DoubleVerify by 14.2% in the third quarter. Ashford Capital Management Inc. now owns 740,880 shares of the company’s stock valued at $12,476,000 after acquiring an additional 92,020 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock valued at $38,729,000 after buying an additional 10,696 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in shares of DoubleVerify during the 3rd quarter valued at approximately $19,457,000. Finally, M&T Bank Corp purchased a new position in shares of DoubleVerify during the 3rd quarter valued at approximately $384,000. Institutional investors and hedge funds 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.