DoubleVerify (NYSE:DV) Price Target Cut to $25.00 by Analysts at The Goldman Sachs Group

DoubleVerify (NYSE:DV) had its target price cut by investment analysts at The Goldman Sachs Group from $28.00 to $25.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 44.30% from the stock’s current price.

A number of other research firms also recently issued reports on DV. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a research report on Tuesday, September 17th. Barclays reduced their price objective on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Truist Financial dropped their target price on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Macquarie reduced their price target on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Stifel Nicolaus decreased their price objective on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, DoubleVerify presently has an average rating of “Moderate Buy” and an average price target of $30.24.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $17.33 on Monday. The firm has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $21.17. DoubleVerify has a fifty-two week low of $16.38 and a fifty-two week high of $43.00. The firm has a market cap of $2.98 billion, a P/E ratio of 45.59, a P/E/G ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last released its earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. During the same period last year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that DoubleVerify will post 0.3 EPS for the current year.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 8,820 shares of company stock valued at $160,206 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of DoubleVerify

Large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in DoubleVerify in the first quarter valued at approximately $28,000. RiverPark Advisors LLC acquired a new stake in DoubleVerify during the 1st quarter valued at $54,000. CWM LLC boosted its position in DoubleVerify by 212.5% during the second 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 period. Fifth Third Bancorp increased its holdings in shares of DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after purchasing an additional 1,742 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock valued at $129,000 after purchasing an additional 1,806 shares during the period. 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.