DoubleVerify (NYSE:DV) PT Lowered to $28.00

DoubleVerify (NYSE:DV) had its price target lowered by equities researchers at BMO Capital Markets from $38.00 to $28.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 61.38% from the stock’s current price.

Several other research firms also recently issued reports on DV. JMP Securities cut their price objective on DoubleVerify from $34.00 to $33.00 and set a “market outperform” rating on the stock in a report on Wednesday. Macquarie cut their price target on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Barclays decreased their price objective on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. The Goldman Sachs Group cut 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, October 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target on shares of DoubleVerify in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.06.

DoubleVerify Trading Up 3.2 %

Shares of NYSE DV opened at $17.35 on Friday. DoubleVerify has a twelve month low of $16.11 and a twelve month high of $43.00. The firm has a 50-day moving average of $17.81 and a two-hundred day moving average of $20.34. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate 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 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 period last year, the company posted $0.07 EPS. As a group, research analysts predict that DoubleVerify will post 0.3 earnings per share for the current year.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $17.28, for a total transaction of $30,481.92. Following the transaction, the chief financial officer now owns 81,598 shares in the company, valued at $1,410,013.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 8,820 shares of company stock valued at $153,591. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds have recently bought and sold shares of DV. Whittier Trust Co. acquired a new stake in shares of DoubleVerify in the first quarter worth about $28,000. RiverPark Advisors LLC bought a new stake in shares of DoubleVerify in the first quarter valued at approximately $54,000. CWM LLC grew its position 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 purchasing an additional 1,900 shares during the last quarter. Fifth Third Bancorp grew its position in DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after buying an additional 1,742 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of DoubleVerify by 37.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock worth $129,000 after purchasing an additional 1,806 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

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.