DoubleVerify (NYSE:DV) Price Target Cut to $22.00 by Analysts at Stifel Nicolaus

DoubleVerify (NYSE:DV) had its price objective decreased by investment analysts at Stifel Nicolaus from $25.00 to $22.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 29.87% from the stock’s current price.

A number of other equities analysts have also recently commented on DV. Truist Financial reduced their price target on DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Macquarie reduced their price objective on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Friday. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price objective on shares of DoubleVerify in a report on Friday, September 13th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. Finally, Barclays lowered their price target on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.41.

DoubleVerify Stock Down 0.8 %

NYSE:DV opened at $16.94 on Monday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 48.40, a P/E/G ratio of 2.21 and a beta of 0.90. DoubleVerify has a 12-month low of $16.38 and a 12-month high of $43.00. The stock’s fifty day simple moving average is $18.13 and its 200-day simple moving average is $21.42.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The firm had revenue of $155.89 million for the quarter, compared to the consensus estimate of $153.78 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that DoubleVerify will post 0.3 earnings per share for the current year.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $19.25, for a total transaction of $33,957.00. Following the transaction, the chief financial officer now owns 77,314 shares of the company’s stock, valued at $1,488,294.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 8,820 shares of company stock valued at $160,206. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in DoubleVerify by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock valued at $552,974,000 after buying an additional 216,370 shares during the last quarter. Congress Asset Management Co. MA increased its stake in DoubleVerify by 813.2% in the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after buying an additional 3,577,575 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of DoubleVerify during the 2nd quarter valued at approximately $73,268,000. Van Berkom & Associates Inc. grew its position in shares of DoubleVerify by 25.9% during the 2nd quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company’s stock valued at $59,310,000 after acquiring an additional 626,586 shares during the period. Finally, Burgundy Asset Management Ltd. bought a new position in DoubleVerify in the 2nd quarter worth approximately $54,099,000. Hedge funds and other institutional investors 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.