DoubleVerify (NYSE:DV) Given New $33.00 Price Target at JMP Securities

DoubleVerify (NYSE:DV) had its target price lowered by JMP Securities from $34.00 to $33.00 in a research report report published on Wednesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other research analysts have also issued research reports about the company. Macquarie reduced their target price on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Stifel Nicolaus lowered their target price on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays reduced their price target on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Morgan Stanley increased their price objective on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group reduced their target price on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.65.

DoubleVerify Stock Down 2.1 %

NYSE DV opened at $16.21 on Wednesday. The company’s 50 day moving average is $17.93 and its 200-day moving average is $20.60. The firm has a market cap of $2.78 billion, a P/E ratio of 42.66, 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) last posted its 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 for the quarter, compared to the consensus estimate of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. Equities analysts expect that DoubleVerify will post 0.3 EPS for the current year.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated 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 directly owns 77,314 shares in the company, valued at $1,488,294.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 7,056 shares of company stock valued at $124,644. Insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of DoubleVerify by 1.4% in the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock worth $552,974,000 after buying an additional 216,370 shares during the period. Assenagon Asset Management S.A. grew its holdings in DoubleVerify by 9.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock worth $69,440,000 after acquiring an additional 360,445 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in shares of DoubleVerify by 25.9% during the second quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company’s stock valued at $59,310,000 after acquiring an additional 626,586 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new stake in shares of DoubleVerify during the second quarter worth about $54,099,000. Finally, Geneva Capital Management LLC grew its stake in shares of DoubleVerify by 44.9% in the first quarter. Geneva Capital Management LLC now owns 2,746,886 shares of the company’s stock worth $96,581,000 after purchasing an additional 851,346 shares during the last quarter. 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.