DoubleVerify Holdings, Inc. (NYSE:DV) Receives Average Recommendation of "Moderate Buy" from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-one analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.00.

DV has been the topic of several recent research reports. Barclays cut their price objective on DoubleVerify from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Needham & Company LLC restated a "buy" rating and set a $22.00 price target on shares of DoubleVerify in a report on Wednesday, December 11th. JMP Securities reiterated a "market outperform" rating and issued a $25.00 price objective on shares of DoubleVerify in a report on Monday, January 27th. Truist Financial reduced their target price on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Finally, Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, November 7th.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently modified their holdings of DV. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DoubleVerify by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company's stock worth $549,000 after purchasing an additional 526 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of DoubleVerify by 6.3% in the fourth quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock valued at $184,000 after buying an additional 571 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of DoubleVerify by 73.6% in 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 in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after buying an additional 981 shares during the last quarter. Finally, Summit Creek Advisors LLC raised its holdings in shares of DoubleVerify by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company's stock worth $7,080,000 after acquiring an additional 1,153 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

DoubleVerify Trading Down 2.9 %

NYSE:DV traded down $0.66 on Thursday, hitting $21.70. The company had a trading volume of 1,164,159 shares, compared to its average volume of 1,155,615. The firm has a 50 day moving average of $20.50 and a two-hundred day moving average of $19.23. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 2.63 and a beta of 0.99. DoubleVerify has a 52 week low of $16.11 and a 52 week high of $43.00.

DoubleVerify announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to buy up to 6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

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.