DoubleVerify (NYSE:DV) PT Lowered to $26.00 at JPMorgan Chase & Co.

DoubleVerify (NYSE:DVGet Rating) had its price objective reduced by JPMorgan Chase & Co. from $30.00 to $26.00 in a research report report published on Wednesday, The Fly reports.

Several other research analysts also recently commented on the company. Barclays reduced their target price on DoubleVerify from $31.00 to $28.00 and set an equal weight rating on the stock in a report on Wednesday, March 9th. Canaccord Genuity Group reduced their target price on DoubleVerify from $44.00 to $40.00 and set a buy rating on the stock in a report on Wednesday, March 9th. JMP Securities restated a buy rating and issued a $41.00 price objective on shares of DoubleVerify in a research report on Friday, March 18th. Needham & Company LLC dropped their price objective on shares of DoubleVerify from $41.00 to $30.00 in a research report on Friday, January 21st. Finally, Canaccord Genuity Group dropped their target price on shares of DoubleVerify from $44.00 to $40.00 in a research report on Wednesday, March 9th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Buy and an average target price of $36.47.

DV stock opened at $22.09 on Wednesday. DoubleVerify has a twelve month low of $17.22 and a twelve month high of $48.42. The company has a market cap of $3.61 billion and a PE ratio of 129.94. The business’s 50-day simple moving average is $23.41 and its 200 day simple moving average is $27.69.

DoubleVerify (NYSE:DVGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $96.72 million for the quarter, compared to the consensus estimate of $89.87 million. DoubleVerify had a return on equity of 5.63% and a net margin of 7.80%. The company’s quarterly revenue was up 43.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. Research analysts predict that DoubleVerify will post 0.28 EPS for the current fiscal year.

In other news, CEO Mark Zagorski bought 17,846 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was acquired at an average price of $25.64 per share, with a total value of $457,571.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew F. Mclaughlin sold 20,000 shares of DoubleVerify stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $25.01, for a total transaction of $500,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,648 shares of company stock worth $1,598,067. 5.61% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DV. Royal Bank of Canada bought a new stake in DoubleVerify in the second quarter valued at $28,000. Bank of America Corp DE bought a new stake in DoubleVerify in the second quarter valued at $904,000. Wells Fargo & Company MN bought a new stake in DoubleVerify in the second quarter valued at $591,000. Morgan Stanley bought a new stake in DoubleVerify in the second quarter valued at $4,606,000. Finally, Victory Capital Management Inc. increased its stake in DoubleVerify by 65.5% in the third quarter. Victory Capital Management Inc. now owns 11,714 shares of the company’s stock valued at $400,000 after purchasing an additional 4,637 shares in the last quarter. 85.08% of the stock is owned by institutional investors and hedge funds.

About DoubleVerify (Get Rating)

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.

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