DoubleVerify (NYSE:DV) Price Target Lowered to $12.00 at Barclays

DoubleVerify (NYSE:DV) had its target price reduced by analysts at Barclays from $18.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 16.11% from the stock’s previous close.

DV has been the topic of a number of other research reports. Stifel Nicolaus reduced their target price on DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday. JMP Securities reissued a “market outperform” rating and set a $20.00 price target on shares of DoubleVerify in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. lowered their target price on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank Of Canada decreased their target price on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $13.50 price target on shares of DoubleVerify in a research note on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.74.

DoubleVerify Stock Performance

DV traded up $0.95 during trading on Monday, reaching $10.34. 3,049,712 shares of the company’s stock were exchanged, compared to its average volume of 2,767,936. DoubleVerify has a fifty-two week low of $7.64 and a fifty-two week high of $23.11. The company has a market capitalization of $1.69 billion, a P/E ratio of 41.30, a PEG ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 4.41, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $12.27 and a 200 day moving average price of $13.89.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Friday, November 7th. The company reported $0.22 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Insider Activity at DoubleVerify

In other DoubleVerify news, Director Lucy Stamell Dobrin sold 6,392 shares of the company’s stock in a transaction on 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the sale, the insider directly owned 96,301 shares of the company’s stock, valued at $1,250,949.99. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,488 shares of company stock valued at $157,255. Insiders own 3.59% of the company’s stock.

Institutional Trading of DoubleVerify

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of DoubleVerify by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 988,869 shares of the company’s stock worth $11,847,000 after acquiring an additional 220,639 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of DoubleVerify by 15.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 529,775 shares of the company’s stock worth $6,347,000 after purchasing an additional 69,972 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in DoubleVerify in the third quarter worth about $998,000. LSV Asset Management purchased a new stake in DoubleVerify during the 3rd quarter valued at about $210,000. Finally, Versor Investments LP purchased a new position in shares of DoubleVerify in the third quarter worth $264,000. 97.29% of the stock is currently owned by institutional investors.

About DoubleVerify

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.