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

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-three brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.00.

A number of brokerages have recently commented on DV. Barclays cut their price target on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Loop Capital lowered DoubleVerify from a "buy" rating to a "hold" rating and dropped their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Stifel Nicolaus set a $20.00 target price on DoubleVerify in a report on Friday, February 28th. Finally, Cannonball Research lowered DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd.

DoubleVerify Trading Up 0.2 %

Shares of DoubleVerify stock traded up $0.03 during trading on Monday, reaching $14.58. The stock had a trading volume of 712,601 shares, compared to its average volume of 2,265,897. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 2.63 and a beta of 1.06. The stock has a fifty day moving average price of $19.28 and a two-hundred day moving average price of $18.88. DoubleVerify has a 52 week low of $13.42 and a 52 week high of $35.57.

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Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of the 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 sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently modified their holdings of DV. State of New Jersey Common Pension Fund D lifted its holdings in shares of DoubleVerify by 4.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 101,670 shares of the company's stock worth $1,712,000 after acquiring an additional 3,989 shares during the last quarter. KBC Group NV lifted its holdings in shares of DoubleVerify by 35.8% in the third quarter. KBC Group NV now owns 5,022 shares of the company's stock worth $85,000 after acquiring an additional 1,325 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in shares of DoubleVerify in the third quarter worth about $222,000. Quest Partners LLC lifted its holdings in shares of DoubleVerify by 209,440.0% in the third quarter. Quest Partners LLC now owns 31,431 shares of the company's stock worth $529,000 after acquiring an additional 31,416 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of DoubleVerify in the third quarter worth about $2,128,000. Institutional investors own 97.29% of the company's stock.

About DoubleVerify

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.