DoubleVerify (NYSE:DV) Rating Lowered to Hold at Baird R W

DoubleVerify (NYSE:DV) was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

DV has been the subject of several other research reports. Raymond James began coverage on DoubleVerify in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. JMP Securities reiterated a “market outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Bank of America upgraded DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th. Barclays decreased their price target on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, DoubleVerify currently has an average rating of “Hold” and an average price target of $22.00.

DoubleVerify Stock Down 4.8 %

DoubleVerify stock opened at $13.33 on Friday. The firm has a 50-day moving average price of $18.53 and a two-hundred day moving average price of $18.65. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify has a 52-week low of $13.14 and a 52-week high of $35.55.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction that occurred 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 directly owns 85,882 shares of the company’s stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after buying an additional 981 shares during the last quarter. True Wealth Design LLC bought a new stake in DoubleVerify during the 3rd quarter valued at approximately $29,000. Quadrant Capital Group LLC grew its holdings in DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after buying an additional 1,285 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after buying an additional 863 shares during the last quarter. Finally, Allianz SE bought a new stake in shares of DoubleVerify in the fourth quarter valued at approximately $41,000. 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.