DoubleVerify (NYSE:DV - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $22.00 target price on the stock. Needham & Company LLC's price target indicates a potential upside of 64.67% from the company's current price.
DV has been the topic of several other research reports. 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 note on Friday, February 28th. Royal Bank of Canada lifted their price objective on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Loop Capital cut DoubleVerify from a "buy" rating to a "hold" rating and decreased their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Scotiabank initiated coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 target price on the stock. Finally, Morgan Stanley reduced their price target on shares of 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 analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, DoubleVerify currently has an average rating of "Hold" and a consensus target price of $22.00.
View Our Latest Stock Report on DoubleVerify
DoubleVerify Stock Performance
Shares of DV stock traded down $0.15 on Tuesday, reaching $13.36. 2,564,846 shares of the company's stock traded hands, compared to its average volume of 2,386,057. The business's 50 day moving average price is $18.15 and its two-hundred day moving average price is $18.56. DoubleVerify has a 12-month low of $12.81 and a 12-month high of $34.39. The company has a market capitalization of $2.22 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.
Insider Transactions at DoubleVerify
In related news, CFO Nicola T. Allais sold 2,220 shares of the business's stock in a transaction 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 directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.
Institutional Investors Weigh In On DoubleVerify
A number of institutional investors and hedge funds have recently modified their holdings of the company. True Wealth Design LLC bought a new stake in DoubleVerify during the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC increased 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 worth $30,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC raised 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 in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of DoubleVerify by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Allianz SE bought a new position in shares of DoubleVerify in the fourth quarter worth approximately $41,000. 97.29% of the stock is owned by hedge funds and other institutional investors.
DoubleVerify Company Profile
(
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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.
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