Truist Financial Trims DoubleVerify (NYSE:DV) Target Price to $26.00

DoubleVerify (NYSE:DV) had its price target lowered by Truist Financial from $32.00 to $26.00 in a research note published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on DV. Needham & Company LLC reaffirmed a buy rating and issued a $33.00 price objective on shares of DoubleVerify in a research note on Tuesday. Morgan Stanley lifted their target price on DoubleVerify from $21.00 to $22.00 and gave the company an equal weight rating in a research report on Tuesday, July 23rd. Barclays reduced their price target on shares of DoubleVerify from $30.00 to $27.00 and set an overweight rating on the stock in a research report on Tuesday, July 16th. Royal Bank of Canada restated an outperform rating and issued a $40.00 price objective on shares of DoubleVerify in a report on Friday, June 14th. Finally, The Goldman Sachs Group reaffirmed a buy rating and set a $28.00 target price on shares of DoubleVerify in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $31.18.

DoubleVerify Stock Down 0.1 %

Shares of DoubleVerify stock opened at $17.21 on Wednesday. The business’s fifty day simple moving average is $19.20 and its 200-day simple moving average is $23.30. The firm has a market cap of $2.96 billion, a PE ratio of 45.11, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. DoubleVerify has a 52 week low of $16.93 and a 52 week high of $43.00.

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

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $20.16, for a total transaction of $35,562.24. Following the completion of the transaction, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at approximately $1,558,650.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 5,292 shares of company stock worth $104,835 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. 1492 Capital Management LLC boosted its stake in DoubleVerify by 1.0% in the fourth quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock valued at $2,074,000 after acquiring an additional 553 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of DoubleVerify by 65.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after purchasing an additional 587 shares during the period. United Services Automobile Association grew its stake in DoubleVerify by 7.4% during the 2nd quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock worth $210,000 after buying an additional 746 shares during the last quarter. Whittier Trust Co. acquired a new position in DoubleVerify during the first quarter worth approximately $28,000. Finally, Insight Wealth Strategies LLC lifted its stake in DoubleVerify by 1.3% in the first quarter. Insight Wealth Strategies LLC now owns 61,883 shares of the company’s stock valued at $2,176,000 after buying an additional 810 shares during the last quarter. Institutional investors and hedge funds 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.