Brokerages Set DoubleVerify Holdings, Inc. (NYSE:DV) Target Price at $30.24

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $30.24.

A number of analysts recently weighed in on the stock. Barclays lowered their target price on shares of DoubleVerify from $27.00 to $23.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Needham & Company LLC reissued a "buy" rating and issued a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. Morgan Stanley upped their target price on shares of DoubleVerify from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Macquarie lowered their target price on shares of DoubleVerify from $25.00 to $19.00 and set an "outperform" rating on the stock in a research note on Friday, October 11th.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $17.21, for a total value of $30,358.44. Following the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,404,301.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 7,056 shares of company stock worth $124,644. Company insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On DoubleVerify

Large investors have recently made changes to their positions in the stock. Whittier Trust Co. bought a new position in DoubleVerify in the first quarter valued at $28,000. RiverPark Advisors LLC bought a new position in DoubleVerify in the first quarter valued at $54,000. CWM LLC grew its position in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company's stock valued at $54,000 after purchasing an additional 1,900 shares in the last quarter. Fifth Third Bancorp grew its position in DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company's stock valued at $81,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company's stock valued at $129,000 after purchasing an additional 1,806 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

DoubleVerify stock remained flat at $17.35 on Friday. 882,278 shares of the company's stock were exchanged, compared to its average volume of 2,354,974. The firm has a market cap of $2.98 billion, a PE ratio of 45.66, a PEG ratio of 2.21 and a beta of 0.90. DoubleVerify has a 52-week low of $16.38 and a 52-week high of $43.00. The company's fifty day moving average is $17.98 and its two-hundred day moving average is $21.00.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04. The business had revenue of $155.89 million during the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Equities analysts anticipate that DoubleVerify will post 0.3 EPS for the current fiscal year.

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.