DoubleVerify (NYSE:DV - Get Free Report) had its price target dropped by equities research analysts at Barclays from $25.00 to $24.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 68.48% from the stock's current price.
DV has been the topic of a number of other research reports. Scotiabank started coverage on DoubleVerify in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $24.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of DoubleVerify in a report on Wednesday, December 11th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $20.00 target price (down from $24.00) on shares of DoubleVerify in a research report on Friday. Finally, Stifel Nicolaus set a $20.00 price objective on DoubleVerify in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, DoubleVerify has an average rating of "Moderate Buy" and an average target price of $23.00.
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DoubleVerify Stock Performance
NYSE:DV traded down $0.66 on Friday, reaching $14.25. The company's stock had a trading volume of 4,347,533 shares, compared to its average volume of 2,030,946. The firm has a market cap of $2.41 billion, a PE ratio of 38.50, a PEG ratio of 2.63 and a beta of 0.99. The business's 50-day moving average price is $20.34 and its two-hundred day moving average price is $19.24. DoubleVerify has a 1-year low of $13.42 and a 1-year high of $35.57.
DoubleVerify declared that its Board of Directors has initiated a share repurchase program on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
Insider Buying and Selling
In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by company insiders.
Institutional Trading of DoubleVerify
Several institutional investors and hedge funds have recently bought and sold shares of DV. Wealth Enhancement Advisory Services LLC acquired a new stake in DoubleVerify during the 3rd quarter valued at approximately $472,000. Harvey Capital Management Inc. purchased a new position in shares of DoubleVerify during the 3rd quarter valued at approximately $462,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of DoubleVerify during the 3rd quarter valued at approximately $1,323,000. M&G PLC increased its holdings in shares of DoubleVerify by 3.0% during the 3rd quarter. M&G PLC now owns 501,171 shares of the company's stock valued at $8,520,000 after purchasing an additional 14,392 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock valued at $34,264,000 after purchasing an additional 94,095 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.
About DoubleVerify
(
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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.
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