DoubleVerify Holdings, Inc. (NYSE:DV) Receives $24.67 Average Price Target from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.67.

A number of equities analysts have weighed in on DV shares. Macquarie reissued an "outperform" rating and set a $19.00 price target on shares of DoubleVerify in a research report on Thursday, November 7th. JMP Securities dropped their price target on DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets reduced their price objective on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Stifel Nicolaus dropped their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 target price on shares of DoubleVerify in a report on Tuesday, September 17th.

DoubleVerify Trading Up 0.5 %

Shares of DoubleVerify stock traded up $0.11 during trading on Friday, hitting $20.67. 743,094 shares of the stock were exchanged, compared to its average volume of 1,975,047. The company has a fifty day moving average price of $18.48 and a 200-day moving average price of $18.81. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. DoubleVerify has a 1-year low of $16.11 and a 1-year high of $43.00.

DoubleVerify declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $20.30, for a total value of $35,809.20. Following the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,656,439.40. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 8,820 shares of company stock worth $155,444 over the last three months. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently modified their holdings of DV. Neo Ivy Capital Management acquired a new position in DoubleVerify in the 3rd quarter worth about $794,000. Ashford Capital Management Inc. increased its holdings in DoubleVerify by 14.2% in the 3rd quarter. Ashford Capital Management Inc. now owns 740,880 shares of the company's stock worth $12,476,000 after purchasing an additional 92,020 shares in the last quarter. Geode Capital Management LLC increased its holdings in DoubleVerify by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock worth $38,729,000 after purchasing an additional 10,696 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in shares of DoubleVerify in the third quarter valued at about $19,457,000. Finally, M&T Bank Corp acquired a new stake in shares of DoubleVerify in the third quarter valued at about $384,000. Institutional investors and hedge funds 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.