DoubleVerify (NYSE:DV) Price Target Lowered to $24.00 at Barclays

DoubleVerify (NYSE:DV - Get Free Report) had its price objective dropped by equities researchers at Barclays from $25.00 to $24.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 68.02% from the company's previous close.

Several other analysts have also issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $22.00 price objective on shares of DoubleVerify in a report on Wednesday, December 11th. Raymond James assumed coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price target on the stock. Morgan Stanley cut their price target on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Macquarie reiterated an "outperform" rating and set a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. Finally, Truist Financial reduced their price target on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

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DoubleVerify Stock Down 4.1 %

Shares of DV traded down $0.62 during mid-day trading on Friday, reaching $14.28. The company's stock had a trading volume of 2,785,711 shares, compared to its average volume of 1,988,303. DoubleVerify has a 1 year low of $13.42 and a 1 year high of $35.57. The business has a fifty day moving average of $20.45 and a 200 day moving average of $19.28. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 2.63 and a beta of 0.99.

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

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of DoubleVerify stock in a transaction that occurred 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 transaction, the chief financial officer now owns 85,882 shares of the company's stock, valued at approximately $1,761,439.82. The trade was a 2.35 % 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 owned by company insiders.

Hedge Funds Weigh In On DoubleVerify

Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in DoubleVerify in the third quarter valued at $29,000. Smartleaf Asset Management LLC lifted its stake in 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 purchasing an additional 981 shares during the last quarter. GAMMA Investing LLC lifted 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 valued at $39,000 after buying an additional 863 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of 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. Finally, Allianz SE bought a new position in DoubleVerify during the fourth quarter worth $41,000. 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.