Barclays Issues Pessimistic Forecast for DoubleVerify (NYSE:DV) Stock Price

DoubleVerify (NYSE:DV - Get Free Report) had its price objective lowered by equities research analysts at Barclays from $24.00 to $16.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 21.53% from the stock's current price.

Other equities analysts have also issued research reports about the company. Loop Capital lowered DoubleVerify from a "buy" rating to a "hold" rating and cut their price target for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Cannonball Research cut shares of DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Robert W. Baird reiterated a "neutral" rating and issued a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 target price on shares of DoubleVerify in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada boosted their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.83.

DoubleVerify Trading Up 3.7 %

Shares of NYSE DV traded up $0.48 during trading on Monday, reaching $13.17. 1,112,410 shares of the company traded hands, compared to its average volume of 2,438,658. The firm's fifty day simple moving average is $14.91 and its 200 day simple moving average is $17.97. DoubleVerify has a 12-month low of $11.52 and a 12-month high of $31.11. The stock has a market cap of $2.14 billion, a P/E ratio of 35.58, a PEG ratio of 2.63 and a beta of 1.04.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoubleVerify

A number of hedge funds and other institutional investors have recently made changes to their positions in DV. Smartleaf Asset Management LLC boosted its position in shares of 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 boosted its holdings in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after buying an additional 1,285 shares during the period. Versant Capital Management Inc acquired a new stake in shares of DoubleVerify during the 1st quarter worth $40,000. Finally, Allianz SE purchased a new position in shares of DoubleVerify in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

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.