DoubleVerify (NYSE:DV) Earns Underweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of DoubleVerify (NYSE:DV) in a research note released on Monday morning, MarketBeat Ratings reports. The firm issued an underweight rating and a $14.00 price target on the stock.

Several other research analysts have also recently issued reports on DV. JMP Securities lowered their price objective on DoubleVerify from $34.00 to $33.00 and set a “market outperform” rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus dropped their price target 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. Morgan Stanley boosted their price objective 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. Piper Sandler lowered their target price on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Macquarie reduced their price target on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.47.

DoubleVerify Stock Down 0.4 %

Shares of DV opened at $17.05 on Monday. The company has a market cap of $2.90 billion, a P/E ratio of 48.71, a PEG ratio of 2.21 and a beta of 0.90. DoubleVerify has a fifty-two week low of $16.11 and a fifty-two week high of $43.00. The firm’s 50 day moving average price is $17.64 and its 200 day moving average price is $19.99.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share (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 business had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. During the same quarter last year, the business posted $0.07 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. Research analysts forecast that DoubleVerify will post 0.3 earnings per share for the current year.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $17.28, for a total transaction of $30,481.92. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at $1,410,013.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 8,820 shares of company stock valued at $153,591 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors have recently added to or reduced their stakes in the business. Olympiad Research LP purchased a new position in shares of DoubleVerify in the 3rd quarter worth about $342,000. Principal Financial Group Inc. grew its stake in shares of DoubleVerify by 4.8% during the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock valued at $34,264,000 after acquiring an additional 94,095 shares in the last quarter. M&G PLC grew its holdings in DoubleVerify by 3.0% during the 3rd quarter. M&G PLC now owns 501,171 shares of the company’s stock worth $8,520,000 after acquiring an additional 14,392 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of DoubleVerify during the third quarter worth $1,323,000. Finally, Harvey Capital Management Inc. acquired a new stake in shares of DoubleVerify during the 3rd quarter worth approximately $462,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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.