DoubleVerify (NYSE:DV) Price Target Cut to $33.00

DoubleVerify (NYSE:DV) had its target price reduced by JMP Securities from $34.00 to $33.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a market outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stifel Nicolaus decreased their target price on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays dropped their target price on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Piper Sandler lowered their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.06.

DoubleVerify Stock Up 3.2 %

DV stock opened at $17.35 on Wednesday. DoubleVerify has a 52-week low of $16.11 and a 52-week high of $43.00. The business has a fifty day moving average of $17.81 and a two-hundred day moving average of $20.43. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $153.78 million. During the same period last year, the company earned $0.07 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts anticipate that DoubleVerify will post 0.3 EPS for the current year.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $19.25, for a total value of $33,957.00. Following the transaction, the chief financial officer now directly owns 77,314 shares in the company, valued at $1,488,294.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 8,820 shares of company stock valued at $153,591. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. United Services Automobile Association boosted its stake in DoubleVerify by 7.4% in the second quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock valued at $210,000 after acquiring an additional 746 shares in the last quarter. Whittier Trust Co. purchased a new position in DoubleVerify during the 1st quarter worth approximately $28,000. Arizona State Retirement System increased its position in DoubleVerify by 2.3% during the second quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock worth $793,000 after buying an additional 927 shares during the period. Gagnon Securities LLC lifted its stake in DoubleVerify by 1.2% in the first quarter. Gagnon Securities LLC now owns 86,018 shares of the company’s stock valued at $3,024,000 after buying an additional 1,045 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of DoubleVerify by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock valued at $663,000 after acquiring an additional 1,218 shares during the period. Institutional investors and hedge funds 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.