DoubleVerify (NYSE:DV - Free Report) had its price objective lowered by Canaccord Genuity Group from $26.00 to $24.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also recently issued reports on the company. Morgan Stanley reduced their target price on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. JMP Securities reiterated a "market outperform" rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. The Goldman Sachs Group reduced their target price on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price target on shares of DoubleVerify in a report on Wednesday. Finally, Royal Bank of Canada upped their price objective on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Hold" and a consensus price target of $21.38.
Read Our Latest Analysis on DoubleVerify
DoubleVerify Trading Up 3.3 %
Shares of NYSE:DV traded up $0.40 during midday trading on Thursday, reaching $12.47. 2,140,192 shares of the company were exchanged, compared to its average volume of 2,438,384. The stock has a market cap of $2.07 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The business's fifty day moving average is $15.72 and its two-hundred day moving average is $18.09. DoubleVerify has a one year low of $11.52 and a one year high of $31.15.
Insider Buying and Selling
In other DoubleVerify 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 transaction 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 approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On DoubleVerify
Several hedge funds have recently added to or reduced their stakes in DV. Smartleaf Asset Management LLC grew its holdings in DoubleVerify by 168.0% during 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 period. GAMMA Investing LLC grew its position in DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after buying an additional 863 shares during the period. Quadrant Capital Group LLC grew its position 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 acquiring an additional 1,285 shares during the period. Versant Capital Management Inc purchased a new position in shares of DoubleVerify in the 1st quarter valued at about $40,000. Finally, Allianz SE purchased a new position in DoubleVerify during the fourth quarter worth approximately $41,000. 97.29% of the stock is owned by hedge funds and other institutional investors.
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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