DoubleVerify (NYSE:DV) Stock Rating Lowered by Loop Capital

Loop Capital cut shares of DoubleVerify (NYSE:DV - Free Report) from a buy rating to a hold rating in a report issued on Tuesday morning, Marketbeat reports. Loop Capital currently has $16.00 price objective on the stock, down from their prior price objective of $24.00.

Other research analysts have also recently issued research reports about the stock. Truist Financial dropped their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group restated a "neutral" rating and issued a $20.00 price target (down previously from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Stifel Nicolaus set a $20.00 price objective on DoubleVerify in a research report on Friday, February 28th. Raymond James assumed coverage on DoubleVerify in a research note on Wednesday, December 18th. They set an "outperform" rating and a $25.00 target price for the company. Finally, Morgan Stanley reduced their price target on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, DoubleVerify has an average rating of "Moderate Buy" and an average price target of $23.00.

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DoubleVerify Price Performance

Shares of DV stock traded up $0.06 on Tuesday, hitting $15.09. The stock had a trading volume of 2,946,941 shares, compared to its average volume of 2,151,671. The company's 50 day moving average price is $20.14 and its 200-day moving average price is $19.18. DoubleVerify has a 1 year low of $13.42 and a 1 year high of $35.57. The firm has a market capitalization of $2.50 billion, a P/E ratio of 40.77, a P/E/G ratio of 2.63 and a beta of 1.06.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,071 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total value of $42,476.21. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at $1,761,439.82. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company's stock.

Institutional Trading of DoubleVerify

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position 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 valued at $549,000 after purchasing an additional 526 shares during the period. Federated Hermes Inc. boosted its holdings 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 acquiring an additional 571 shares during the period. GAMMA Investing LLC increased its holdings in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after acquiring an additional 863 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after acquiring an additional 981 shares during the period. Finally, Summit Creek Advisors LLC raised its position in DoubleVerify by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company's stock valued at $7,080,000 after purchasing an additional 1,153 shares during the last quarter. Institutional investors and hedge funds 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.