DoubleVerify (NYSE:DV) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

DoubleVerify (NYSE:DV) had its price objective cut by JPMorgan Chase & Co. from $19.00 to $17.00 in a research note published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

DV has been the subject of a number of other research reports. Stifel Nicolaus reduced their price target on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group reissued a “neutral” rating and issued a $13.50 price objective on shares of DoubleVerify in a research report on Tuesday, October 14th. Wells Fargo & Company decreased their target price on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, October 21st. Scotiabank reiterated an “outperform” rating on shares of DoubleVerify in a research note on Monday. Finally, Royal Bank Of Canada reduced their price objective on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.38.

DoubleVerify Price Performance

DV stock opened at $10.36 on Monday. The stock has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $13.87. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11. The stock has a market cap of $1.70 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company has a current ratio of 3.98, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. The company had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Transactions at DoubleVerify

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Andrew E. Grimmig sold 4,096 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 11,488 shares of company stock valued at $157,255. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas bought a new stake in DoubleVerify in the 1st quarter valued at $281,000. M&T Bank Corp acquired a new position in shares of DoubleVerify in the first quarter valued at $175,000. New York State Common Retirement Fund raised its position in shares of DoubleVerify by 38.0% in the first quarter. New York State Common Retirement Fund now owns 699,119 shares of the company’s stock valued at $9,347,000 after purchasing an additional 192,692 shares during the period. Edgestream Partners L.P. lifted its stake in shares of DoubleVerify by 11.8% during the 1st quarter. Edgestream Partners L.P. now owns 146,222 shares of the company’s stock worth $1,955,000 after buying an additional 15,407 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock worth $31,000 after buying an additional 1,982 shares during the period. 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.