DoubleVerify Holdings, Inc. (NYSE:DV) Receives $30.24 Average Target Price from Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $30.24.

A number of brokerages have recently commented on DV. 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. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a report on Tuesday, September 17th. The Goldman Sachs Group decreased their price target 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. Stifel Nicolaus decreased 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. Finally, Truist Financial cut their price objective 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.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 7,056 shares of company stock worth $124,644. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DV. Vanguard Group Inc. raised its stake in DoubleVerify by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after purchasing an additional 2,017,687 shares during the period. PNC Financial Services Group Inc. increased its position in shares of DoubleVerify by 15.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,019 shares of the company’s stock valued at $589,000 after purchasing an additional 2,120 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in DoubleVerify by 27.9% during the 1st quarter. Park Avenue Securities LLC now owns 39,024 shares of the company’s stock valued at $1,372,000 after acquiring an additional 8,509 shares during the period. Congress Asset Management Co. MA boosted its holdings in DoubleVerify by 813.2% during the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after acquiring an additional 3,577,575 shares during the period. Finally, Washington Capital Management Inc. purchased a new position in DoubleVerify during the 1st quarter valued at $380,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Price Performance

Shares of DV stock opened at $17.35 on Friday. The company has a market capitalization of $2.98 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.21 and a beta of 0.90. DoubleVerify has a 12-month low of $16.38 and a 12-month high of $43.00. The firm has a 50-day moving average price of $17.98 and a 200 day moving average price of $20.82.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The company had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. During the same quarter in the previous year, the company earned $0.07 EPS. DoubleVerify’s revenue was up 16.6% on a year-over-year basis. As a group, research analysts expect that DoubleVerify will post 0.3 earnings per share for the current year.

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.