DoubleVerify (NYSE:DV) PT Lowered to $28.00 at BMO Capital Markets

DoubleVerify (NYSE:DV - Get Free Report) had its target price decreased by investment analysts at BMO Capital Markets from $38.00 to $28.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 61.38% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Macquarie cut their price objective on shares of DoubleVerify from $25.00 to $19.00 and set an "outperform" rating for the company in a research note on Friday, October 11th. Stifel Nicolaus cut their price target on shares of DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group decreased their price objective on DoubleVerify from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Needham & Company LLC restated a "buy" rating and set a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. Finally, JMP Securities decreased their price target on DoubleVerify from $34.00 to $33.00 and set a "market outperform" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, DoubleVerify has a consensus rating of "Moderate Buy" and a consensus price target of $29.06.

DoubleVerify Trading Up 3.2 %

Shares of NYSE:DV traded up $0.54 during trading on Friday, reaching $17.35. The company had a trading volume of 2,631,426 shares, compared to its average volume of 2,356,056. The company has a fifty day moving average of $17.84 and a two-hundred day moving average of $20.54. The stock has a market capitalization of $2.98 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. DoubleVerify has a 12 month low of $16.11 and a 12 month high of $43.00.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $155.89 million during the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company's revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. As a group, equities research analysts predict that DoubleVerify will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $17.28, for a total transaction of $30,481.92. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at $1,410,013.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 8,820 shares of company stock worth $153,591. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors have recently made changes to their positions in the company. Whittier Trust Co. purchased a new position in shares of DoubleVerify in the first quarter worth $28,000. RiverPark Advisors LLC purchased a new position in shares of DoubleVerify during the 1st quarter valued at about $54,000. CWM LLC increased its holdings in DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company's stock worth $54,000 after acquiring an additional 1,900 shares in the last quarter. Park Place Capital Corp raised its stake in DoubleVerify by 153.5% during the 1st quarter. Park Place Capital Corp now owns 4,021 shares of the company's stock worth $141,000 after acquiring an additional 2,435 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in DoubleVerify by 72.3% during 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. Hedge funds and other institutional investors own 97.29% of the company's stock.

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.