DoubleVerify (NYSE:DV) Given "Neutral" Rating at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of DoubleVerify (NYSE:DV - Free Report) in a research note published on Friday, MarketBeat Ratings reports. The brokerage currently has a $14.00 price objective on the stock, down from their prior price objective of $20.00.

Several other equities analysts have also recently commented on DV. Loop Capital cut DoubleVerify from a "buy" rating to a "hold" rating and reduced their target price for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Royal Bank of Canada upped their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Needham & Company LLC reiterated a "buy" rating and set a $22.00 target price on shares of DoubleVerify in a research report on Wednesday, December 11th. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Finally, Canaccord Genuity Group lowered their price objective on shares of DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $22.00.

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DoubleVerify Stock Performance

NYSE DV traded down $0.12 during trading on Friday, hitting $13.26. 521,002 shares of the company's stock traded hands, compared to its average volume of 2,377,386. The business has a 50 day moving average of $18.41 and a 200-day moving average of $18.62. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify has a 12-month low of $12.81 and a 12-month high of $35.55.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneva Capital Management LLC grew its stake in shares of DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after buying an additional 19,684 shares during the last quarter. Neo Ivy Capital Management bought a new stake in DoubleVerify in the third quarter worth $794,000. Repertoire Partners LP grew its stake in shares of DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company's stock worth $11,535,000 after acquiring an additional 625,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DoubleVerify by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock valued at $38,729,000 after acquiring an additional 10,696 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of DoubleVerify by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock worth $18,694,000 after purchasing an additional 71,000 shares during the last quarter. Hedge funds and other institutional investors 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.