DoubleVerify (NYSE:DV) Downgraded by Baird R W to "Hold"

DoubleVerify (NYSE:DV - Get Free Report) was downgraded by analysts at Baird R W from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Friday,Zacks.com reports.

DV has been the topic of a number of other research reports. Barclays dropped their price target on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Robert W. Baird restated a "neutral" rating and set a $14.00 target price (down from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Canaccord Genuity Group reduced their price target on shares of DoubleVerify from $30.00 to $26.00 and set a "buy" rating for the company in a report on Friday, February 28th. Scotiabank started coverage on shares of DoubleVerify in a report on Thursday, December 5th. They set a "sector outperform" rating and a $24.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.00.

DoubleVerify Trading Down 0.7 %

Shares of DV stock traded down $0.10 on Friday, hitting $13.41. The stock had a trading volume of 1,060,851 shares, compared to its average volume of 2,274,691. The firm has a market cap of $2.23 billion, a P/E ratio of 36.24, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify has a twelve month low of $12.81 and a twelve month high of $34.39. The company has a fifty day moving average price of $18.28 and a two-hundred day moving average price of $18.60.

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Insider Activity

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm'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 value of $47,974.20. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in DoubleVerify by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock worth $335,816,000 after purchasing an additional 143,773 shares during the period. Mackenzie Financial Corp lifted its stake in shares of DoubleVerify by 20.1% during the 4th quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company's stock worth $108,753,000 after buying an additional 948,529 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of DoubleVerify by 73.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after buying an additional 2,073,279 shares during the period. AQR Capital Management LLC grew its stake in DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock valued at $50,002,000 after buying an additional 592,435 shares during the last quarter. Finally, Geneva Capital Management LLC raised its holdings in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after acquiring an additional 19,684 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

About DoubleVerify

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.