Robert W. Baird Reaffirms “Neutral” Rating for DoubleVerify (NYSE:DV)

Robert W. Baird reiterated their neutral rating on shares of DoubleVerify (NYSE:DV) in a research note issued to investors on Friday, MarketBeat reports. The firm currently has a $14.00 price target on the stock, down from their prior price target of $20.00.

Other equities analysts also recently issued reports about the stock. Barclays reduced their target price on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Scotiabank assumed coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price target on the stock. Stifel Nicolaus set a $20.00 price objective on DoubleVerify in a research report on Friday, February 28th. Royal Bank of Canada raised their target price on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley decreased their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, DoubleVerify has a consensus rating of “Hold” and a consensus price target of $22.00.

DoubleVerify Stock Down 4.8 %

NYSE DV opened at $13.33 on Friday. The business’s fifty day simple moving average is $18.53 and its 200-day simple moving average is $18.65. The firm has a market cap of $2.21 billion, a PE ratio of 36.01, a P/E/G ratio of 2.63 and a beta of 1.06. DoubleVerify has a 52 week low of $13.14 and a 52 week high of $35.55.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On DoubleVerify

A number of hedge funds have recently bought and sold shares of DV. True Wealth Design LLC acquired a new position in shares of DoubleVerify during the third quarter worth about $29,000. Smartleaf Asset Management LLC lifted its stake in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC grew its holdings in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after acquiring an additional 863 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Allianz SE acquired a new stake in shares of DoubleVerify in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

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.