Barclays Lowers DoubleVerify (NYSE:DV) Price Target to $16.00

DoubleVerify (NYSE:DV) had its price target lowered by stock analysts at Barclays from $24.00 to $16.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 30.26% from the company’s previous close.

A number of other analysts also recently issued reports on DV. Stifel Nicolaus set a $20.00 target price on shares of DoubleVerify in a research report on Friday, February 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $14.00 price target (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Baird R W lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. JMP Securities reissued a “market outperform” rating and set a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.98.

DoubleVerify Stock Up 1.8 %

DV stock opened at $12.28 on Monday. DoubleVerify has a 52 week low of $11.52 and a 52 week high of $31.15. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.63 and a beta of 1.04. The business has a fifty day simple moving average of $15.72 and a 200-day simple moving average of $18.10.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DV. Vanguard Group Inc. raised its stake in shares of DoubleVerify by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock worth $335,816,000 after buying an additional 143,773 shares in the last quarter. Mackenzie Financial Corp grew its holdings in DoubleVerify by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company’s stock worth $108,753,000 after acquiring an additional 948,529 shares during the period. Burgundy Asset Management Ltd. raised its position in DoubleVerify by 73.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock worth $94,262,000 after acquiring an additional 2,073,279 shares in the last quarter. AQR Capital Management LLC lifted its holdings in DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock valued at $50,002,000 after acquiring an additional 592,435 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its position in shares of DoubleVerify by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after purchasing an additional 19,684 shares in the last quarter. 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.