Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) fell 2.7% on Monday after Morgan Stanley lowered their price target on the stock from $18.50 to $17.00. Morgan Stanley currently has an equal weight rating on the stock. DoubleVerify traded as low as $12.20 and last traded at $12.23. 498,240 shares were traded during trading, a decline of 79% from the average session volume of 2,419,073 shares. The stock had previously closed at $12.57.
Other equities analysts have also issued reports about the stock. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a report on Wednesday. Baird R W downgraded shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Robert W. Baird reiterated a "neutral" rating and set a $14.00 price target (down previously from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Finally, Royal Bank of Canada lifted their target price on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $21.38.
Read Our Latest Stock Report on DoubleVerify
Insider Buying and Selling at DoubleVerify
In other news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction that occurred 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 completion of 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 represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp bought a new position in shares of DoubleVerify during the third quarter worth about $384,000. Geode Capital Management LLC boosted its position 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 worth $38,729,000 after buying an additional 10,696 shares during the period. Principal Financial Group Inc. grew its holdings in DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after buying an additional 94,095 shares in the last quarter. JPMorgan Chase & Co. raised its stake in DoubleVerify by 77.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 645,233 shares of the company's stock valued at $10,866,000 after acquiring an additional 282,051 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake 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 in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.
DoubleVerify Price Performance
The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 2.63 and a beta of 1.04. The firm's fifty day moving average is $15.72 and its two-hundred day moving average is $18.08.
About DoubleVerify
(
Get Free Report)
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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