DoubleVerify (NYSE:DV) Price Target Cut to $23.00 by Analysts at Barclays

DoubleVerify (NYSE:DV) had its price target lowered by Barclays from $27.00 to $23.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Truist Financial decreased their price target on DoubleVerify from $32.00 to $26.00 and set a buy rating on the stock in a research report on Wednesday, September 18th. Macquarie reaffirmed an outperform rating and set a $25.00 price target on shares of DoubleVerify in a report on Wednesday, July 31st. Morgan Stanley increased their price target on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an equal weight rating in a research report on Tuesday, July 23rd. Royal Bank of Canada restated an outperform rating and set a $40.00 price objective on shares of DoubleVerify in a research report on Friday, June 14th. Finally, Needham & Company LLC reiterated a buy rating and issued a $33.00 price target on shares of DoubleVerify in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, DoubleVerify presently has a consensus rating of Moderate Buy and an average price target of $30.59.

DoubleVerify Trading Up 1.9 %

Shares of NYSE DV opened at $17.08 on Friday. The firm has a market cap of $2.90 billion, a P/E ratio of 48.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The business’s 50 day moving average is $18.13 and its 200-day moving average is $21.58. DoubleVerify has a 1-year low of $16.38 and a 1-year high of $43.00.

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

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $17.21, for a total transaction of $30,358.44. Following the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at $1,404,301.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 8,820 shares of company stock worth $160,206. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently made changes to their positions in DV. CWM LLC increased its position in shares of DoubleVerify by 714.5% in the third quarter. CWM LLC now owns 22,758 shares of the company’s stock worth $383,000 after purchasing an additional 19,964 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of DoubleVerify in the 2nd quarter worth $155,000. Cim LLC raised its position in shares of DoubleVerify by 74.8% during the 2nd quarter. Cim LLC now owns 48,533 shares of the company’s stock valued at $926,000 after buying an additional 20,770 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of DoubleVerify by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 148,396 shares of the company’s stock worth $2,889,000 after acquiring an additional 22,244 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in DoubleVerify in the second quarter worth $230,000. Hedge funds and other 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.