DoubleVerify (NYSE:DV) Price Target Lowered to $28.00 at BMO Capital Markets

DoubleVerify (NYSE:DV) had its target price trimmed by BMO Capital Markets from $38.00 to $28.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on DV. Piper Sandler reduced their price target on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a report on Tuesday, September 17th. Truist Financial reduced their target price on 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 target price on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, JMP Securities reduced their target price on DoubleVerify from $34.00 to $33.00 and set a “market outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.06.

DoubleVerify Trading Up 3.2 %

NYSE DV opened at $17.35 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 2.21 and a beta of 0.90. DoubleVerify has a twelve month low of $16.11 and a twelve month high of $43.00. The stock has a 50-day moving average of $17.81 and a 200 day moving average of $20.43.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. DoubleVerify’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Equities analysts predict that DoubleVerify will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $17.28, for a total value of $30,481.92. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,410,013.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 8,820 shares of company stock worth $153,591. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. purchased a new position in shares of DoubleVerify during the first quarter worth $28,000. RiverPark Advisors LLC purchased a new position in shares of DoubleVerify during the first quarter worth $54,000. CWM LLC boosted its position in shares of DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying an additional 1,900 shares during the period. Park Place Capital Corp boosted its position in shares of DoubleVerify by 153.5% during the first quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock worth $141,000 after buying an additional 2,435 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after buying an additional 1,742 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

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.