DoubleVerify (NYSE:DV) Given New $25.00 Price Target at The Goldman Sachs Group

DoubleVerify (NYSE:DV - Get Free Report) had its price objective cut by investment analysts at The Goldman Sachs Group from $28.00 to $25.00 in a report released on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 42.29% from the company's previous close.

Several other equities research analysts have also recently commented on the stock. Stifel Nicolaus dropped their target price on shares of DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research report on Monday. Barclays cut their price objective on DoubleVerify from $27.00 to $23.00 and set an "overweight" rating on the stock in a research report on Friday. Macquarie decreased their target price on DoubleVerify from $25.00 to $19.00 and set an "outperform" rating for the company in a research report on Friday. Morgan Stanley lifted their price target on DoubleVerify from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 23rd. Finally, Truist Financial decreased their price objective on DoubleVerify from $32.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, DoubleVerify currently has an average rating of "Moderate Buy" and a consensus price target of $30.24.

DoubleVerify Stock Up 2.9 %

Shares of NYSE DV traded up $0.49 during mid-day trading on Monday, reaching $17.57. 3,101,540 shares of the company were exchanged, compared to its average volume of 2,373,348. The company's 50 day moving average price is $18.13 and its 200 day moving average price is $21.42. DoubleVerify has a 52 week low of $16.38 and a 52 week high of $43.00. The stock has a market capitalization of $3.02 billion, a PE ratio of 45.39, a PEG ratio of 2.21 and a beta of 0.90.

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

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $19.25, for a total transaction of $33,957.00. Following the completion of the sale, the chief financial officer now owns 77,314 shares of the company's stock, valued at $1,488,294.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 8,820 shares of company stock valued at $160,206. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DV. CWM LLC raised its holdings in DoubleVerify by 714.5% during the third quarter. CWM LLC now owns 22,758 shares of the company's stock valued at $383,000 after acquiring an additional 19,964 shares during the period. Point72 DIFC Ltd bought a new stake in DoubleVerify during the 2nd quarter valued at approximately $155,000. Cim LLC lifted its holdings in DoubleVerify by 74.8% in the 2nd quarter. Cim LLC now owns 48,533 shares of the company's stock worth $926,000 after purchasing an additional 20,770 shares in the last quarter. Cetera Investment Advisers boosted its stake in DoubleVerify by 17.6% in the 2nd quarter. Cetera Investment Advisers now owns 148,396 shares of the company's stock worth $2,889,000 after purchasing an additional 22,244 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in DoubleVerify during the 2nd quarter valued at approximately $230,000. Institutional investors own 97.29% of the company's stock.

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.