DoubleVerify Holdings, Inc. (NYSE:DV) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have been given an average rating of "Hold" by the twenty-four ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.78.

Several research analysts have weighed in on DV shares. Loop Capital downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a research note on Friday, February 28th. Canaccord Genuity Group reduced their price target on DoubleVerify from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Royal Bank of Canada increased their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Barclays reduced their target price on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, February 28th.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value 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 trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company's stock.

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Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DV. Smartleaf Asset Management LLC raised its holdings in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after purchasing an additional 981 shares during the period. Quadrant Capital Group LLC raised its stake in DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after acquiring an additional 1,285 shares during the period. GAMMA Investing LLC boosted its position in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after purchasing an additional 863 shares during the period. Allianz SE bought a new stake in shares of DoubleVerify during the 4th quarter valued at $41,000. Finally, Versant Capital Management Inc purchased a new position in shares of DoubleVerify during the 1st quarter valued at $40,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Stock Performance

DV stock remained flat at $12.17 during midday trading on Friday. 672,882 shares of the company traded hands, compared to its average volume of 2,420,433. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 2.63 and a beta of 1.04. The company's fifty day moving average price is $16.49 and its two-hundred day moving average price is $18.23. DoubleVerify has a 1-year low of $11.52 and a 1-year high of $32.44.

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.