Truist Financial Cuts DoubleVerify (NYSE:DV) Price Target to $17.00

DoubleVerify (NYSE:DV) had its price target reduced by Truist Financial from $22.00 to $17.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 61.08% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Needham & Company LLC dropped their target price on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank Of Canada lowered their price objective on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. raised DoubleVerify from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $19.00 in a research report on Friday, August 1st. Wells Fargo & Company reduced their target price on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $20.00 price objective on shares of DoubleVerify in a research note on Tuesday, September 2nd. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.29.

DoubleVerify Trading Up 12.4%

NYSE:DV traded up $1.16 during mid-day trading on Monday, reaching $10.55. 1,996,382 shares of the company’s stock traded hands, compared to its average volume of 2,762,936. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $23.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 4.41. The company has a 50 day moving average price of $12.27 and a 200-day moving average price of $13.89. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 1.42 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its 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 during 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 firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that DoubleVerify will post 0.36 earnings per share for the current year.

Insider Activity

In related news, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew E. Grimmig sold 4,096 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total value of $53,207.04. Following the completion of the transaction, the insider directly owned 96,301 shares in the company, valued at $1,250,949.99. This trade represents a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,488 shares of company stock valued at $157,255 over the last ninety days. Corporate insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

Large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its stake in DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after acquiring an additional 1,982 shares during the period. Parallel Advisors LLC boosted its holdings in DoubleVerify by 572.1% in the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after purchasing an additional 2,031 shares during the last quarter. Hantz Financial Services Inc. grew its position in DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after purchasing an additional 2,211 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in DoubleVerify during the 2nd quarter valued at $42,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of DoubleVerify by 3,035.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock valued at $47,000 after buying an additional 3,066 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.