Analysts Set DoubleVerify Holdings, Inc. (NYSE:DV) PT at $31.18

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned an average rating of “Moderate Buy” from the twenty brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.18.

A number of research firms have recently commented on DV. Truist Financial cut their price target on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Morgan Stanley upped their target price on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of DoubleVerify in a research note on Tuesday, September 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 price objective on shares of DoubleVerify in a research note on Friday, September 13th. Finally, Barclays reduced their price objective on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.16, for a total value of $35,562.24. Following the completion of the sale, the chief financial officer now directly owns 77,314 shares in the company, valued at approximately $1,558,650.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 5,292 shares of company stock worth $104,835. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DV. 1492 Capital Management LLC raised its stake in DoubleVerify by 1.0% in the 4th quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after acquiring an additional 553 shares during the last quarter. Quadrant Capital Group LLC boosted its position in DoubleVerify by 65.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares in the last quarter. United Services Automobile Association grew its stake in shares of DoubleVerify by 7.4% during the 2nd quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock worth $210,000 after purchasing an additional 746 shares during the period. Whittier Trust Co. purchased a new position in shares of DoubleVerify during the 1st quarter valued at approximately $28,000. Finally, Insight Wealth Strategies LLC lifted its stake in shares of DoubleVerify by 1.3% in the 1st quarter. Insight Wealth Strategies LLC now owns 61,883 shares of the company’s stock valued at $2,176,000 after purchasing an additional 810 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE DV opened at $17.17 on Monday. The company has a market cap of $2.92 billion, a P/E ratio of 45.17, a PEG ratio of 2.32 and a beta of 0.92. The firm has a 50-day simple moving average of $18.87 and a two-hundred day simple moving average of $22.72. DoubleVerify has a 1 year low of $16.81 and a 1 year high of $43.00.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. During the same quarter in the previous year, the business earned $0.07 EPS. DoubleVerify’s revenue was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that DoubleVerify will post 0.3 EPS for the current year.

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.