DoubleVerify (NYSE:DV) Price Target Lowered to $25.00 at Stifel Nicolaus

DoubleVerify (NYSE:DV) had its price target cut by equities research analysts at Stifel Nicolaus from $37.00 to $25.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 31.58% from the stock’s current price.

Several other analysts also recently weighed in on the company. Royal Bank of Canada lifted their target price on DoubleVerify from $40.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. cut their target price on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Truist Financial cut their target price on DoubleVerify from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. BMO Capital Markets reiterated an “outperform” rating and set a $42.00 price target (down from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. Finally, Robert W. Baird lowered their price target on DoubleVerify from $42.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $35.05.

DoubleVerify Stock Up 0.9 %

NYSE:DV traded up $0.17 during trading hours on Wednesday, reaching $19.00. 858,170 shares of the stock were exchanged, compared to its average volume of 2,085,922. The firm has a 50 day simple moving average of $31.41 and a 200-day simple moving average of $34.14. DoubleVerify has a 52 week low of $17.74 and a 52 week high of $43.00. The stock has a market capitalization of $3.26 billion, a P/E ratio of 45.95, a P/E/G ratio of 3.24 and a beta of 1.11.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $140.70 million for the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, analysts expect that DoubleVerify will post 0.36 earnings per share for the current year.

Insider Transactions at DoubleVerify

In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew E. Grimmig sold 50,924 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $33.51, for a total value of $1,706,463.24. Following the completion of the sale, the insider now directly owns 39,468 shares of the company’s stock, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Insiders sold a total of 92,431 shares of company stock valued at $3,070,904 over the last quarter. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On DoubleVerify

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. bought a new stake in shares of DoubleVerify in the 1st quarter valued at approximately $28,000. Guinness Atkinson Asset Management Inc acquired a new position in shares of DoubleVerify in the 3rd quarter worth approximately $34,000. Signaturefd LLC boosted its holdings in shares of DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after acquiring an additional 498 shares in the last quarter. Huntington National Bank boosted its holdings in shares of DoubleVerify by 41.6% in the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after acquiring an additional 439 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of DoubleVerify in the 4th quarter worth approximately $42,000. 97.29% of the stock is currently owned by institutional investors.

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.