DoubleVerify (NYSE:DV) Earns “Neutral” Rating from Robert W. Baird

DoubleVerify (NYSE:DV)‘s stock had its “neutral” rating reiterated by analysts at Robert W. Baird in a research report issued to clients and investors on Friday, MarketBeat.com reports. They presently have a $14.00 target price on the stock, down from their previous target price of $20.00. Robert W. Baird’s price target indicates a potential upside of 5.07% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Royal Bank of Canada boosted their price target on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Cannonball Research cut DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Barclays dropped their price objective on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Finally, Canaccord Genuity Group reduced their target price on shares of DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.00.

DoubleVerify Price Performance

Shares of DV opened at $13.33 on Friday. The company has a market cap of $2.21 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The firm has a 50-day moving average of $18.53 and a 200-day moving average of $18.65. DoubleVerify has a one year low of $13.14 and a one year high of $35.55.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DV. True Wealth Design LLC acquired a new position in shares of DoubleVerify during the third quarter worth $29,000. Smartleaf Asset Management LLC grew its position in DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC increased its holdings in DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after purchasing an additional 863 shares in the last quarter. Quadrant Capital Group LLC raised its position in DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Allianz SE acquired a new stake in shares of DoubleVerify during the fourth quarter valued at about $41,000. Institutional investors 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.