Needham & Company LLC Reaffirms Buy Rating for DoubleVerify (NYSE:DV)

DoubleVerify (NYSE:DV)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Tuesday,Benzinga reports. They presently have a $22.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 64.41% from the stock’s current price.

A number of other research firms have also issued reports on DV. Raymond James initiated coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $20.00 price objective (down previously from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Morgan Stanley decreased their target price on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. JMP Securities restated a “market outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Scotiabank started coverage on DoubleVerify in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

DoubleVerify Trading Up 0.3 %

NYSE:DV opened at $13.38 on Tuesday. The stock has a 50 day moving average of $18.41 and a two-hundred day moving average of $18.62. DoubleVerify has a 12 month low of $12.81 and a 12 month high of $35.55. The firm has a market cap of $2.22 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of DoubleVerify

Several hedge funds have recently made changes to their positions in DV. Captrust Financial Advisors increased its stake in DoubleVerify by 61.3% during the 3rd quarter. Captrust Financial Advisors now owns 41,362 shares of the company’s stock worth $697,000 after buying an additional 15,714 shares during the period. Verition Fund Management LLC grew its stake in shares of DoubleVerify by 22.8% in the third quarter. Verition Fund Management LLC now owns 197,846 shares of the company’s stock worth $3,332,000 after acquiring an additional 36,746 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of DoubleVerify during the third quarter worth $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of DoubleVerify in the third quarter valued at $152,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in DoubleVerify in the third quarter valued at $132,000. Institutional investors and hedge funds 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.