DoubleVerify (NYSE:DV) Given New $31.00 Price Target at Barclays

DoubleVerify (NYSE:DV) had its price target cut by Barclays from $37.00 to $31.00 in a research note published on Wednesday, The Fly reports.

DV has been the topic of several other reports. Cannonball Research began coverage on shares of DoubleVerify in a report on Monday, November 22nd. They issued a buy rating and a $42.00 price target on the stock. Truist Securities raised shares of DoubleVerify from a hold rating to a buy rating and set a $38.00 target price on the stock in a report on Monday, November 22nd. Truist raised shares of DoubleVerify from a hold rating to a buy rating and set a $38.00 target price on the stock in a report on Monday, November 22nd. Zacks Investment Research raised shares of DoubleVerify from a sell rating to a hold rating in a report on Wednesday, January 5th. Finally, Needham & Company LLC assumed coverage on shares of DoubleVerify in a report on Thursday, September 16th. They set a buy rating and a $41.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $39.83.

NYSE DV opened at $25.77 on Wednesday. The company’s fifty day simple moving average is $31.60 and its 200-day simple moving average is $34.26. DoubleVerify has a 52 week low of $25.29 and a 52 week high of $48.42.

DoubleVerify (NYSE:DV) last posted its earnings results on Tuesday, November 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). DoubleVerify had a return on equity of 4.20% and a net margin of 2.99%. The firm had revenue of $83.10 million for the quarter, compared to analyst estimates of $81.77 million. As a group, equities research analysts anticipate that DoubleVerify will post 0.19 earnings per share for the current year.

In related news, COO Matthew F. Mclaughlin sold 35,000 shares of the stock in a transaction dated Wednesday, January 12th. The shares were sold at an average price of $27.98, for a total value of $979,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nicola T. Allais sold 12,915 shares of the company’s stock in a transaction dated Monday, December 20th. The shares were sold at an average price of $30.88, for a total transaction of $398,815.20. The disclosure for this sale can be found here. Insiders sold a total of 60,837 shares of company stock valued at $1,795,883 in the last quarter. 5.61% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada purchased a new stake in DoubleVerify during the second quarter valued at about $28,000. Citigroup Inc. purchased a new stake in DoubleVerify during the second quarter valued at about $41,000. Metropolitan Life Insurance Co NY purchased a new stake in DoubleVerify during the second quarter valued at about $45,000. Invesco Ltd. lifted its stake in DoubleVerify by 13.9% during the third quarter. Invesco Ltd. now owns 17,132 shares of the company’s stock valued at $585,000 after buying an additional 2,088 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in DoubleVerify during the second quarter valued at about $93,000. 81.20% of the stock is owned by institutional investors.

About DoubleVerify

DoubleVerify Holdings, Inc offers a software platform for digital media measurement, data, and analytics. The company offers DV Authentic Ad, a metric of digital media quality that evaluates the existence of fraud, brand safety, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance.

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