DoubleVerify (NYSE:DV) Trading 4.6% Higher - Time to Buy?

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) shares rose 4.6% during trading on Wednesday . The company traded as high as $12.51 and last traded at $12.41. Approximately 479,012 shares traded hands during trading, a decline of 80% from the average daily volume of 2,393,809 shares. The stock had previously closed at $11.86.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Baird R W downgraded DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Stifel Nicolaus set a $20.00 price target on DoubleVerify in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research report on Monday. JMP Securities reiterated a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. One 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, DoubleVerify presently has a consensus rating of "Hold" and a consensus target price of $21.78.

DoubleVerify Trading Down 3.3 %

The company has a market capitalization of $2.02 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The stock's fifty day moving average is $16.69 and its 200 day moving average is $18.26.

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Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in DoubleVerify by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company's stock worth $549,000 after buying an additional 526 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of DoubleVerify by 6.3% during the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock worth $184,000 after acquiring an additional 571 shares during the period. GAMMA Investing LLC raised its position in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after acquiring an additional 863 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 981 shares during the period. Finally, Summit Creek Advisors LLC boosted its position in shares of DoubleVerify by 0.3% during the fourth 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 in the last quarter. 97.29% of the stock is currently owned by institutional investors.

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.