DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.11.

A number of research analysts have recently issued reports on the stock. Barclays raised their price target on shares of DoubleVerify from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. The Goldman Sachs Group cut their target price on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Macquarie reaffirmed an “outperform” rating and set a $19.00 target price on shares of DoubleVerify in a report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of DoubleVerify in a report on Wednesday, December 11th. Finally, Scotiabank initiated coverage on DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective for the company.

DoubleVerify Price Performance

Shares of DV opened at $19.21 on Wednesday. The stock has a market capitalization of $3.25 billion, a PE ratio of 51.92, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97. The business’s fifty day moving average price is $19.41 and its 200 day moving average price is $18.98. DoubleVerify has a 12-month low of $16.11 and a 12-month high of $43.00.

DoubleVerify declared that its board has approved a share buyback plan on Wednesday, November 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $16.92, for a total value of $29,846.88. Following the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 9,127 shares of company stock valued at $167,438 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On DoubleVerify

Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of DoubleVerify by 29.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,572 shares of the company’s stock worth $712,000 after acquiring an additional 8,335 shares during the last quarter. nVerses Capital LLC purchased a new position in DoubleVerify in the 2nd quarter worth about $164,000. TD Asset Management Inc raised its holdings in DoubleVerify by 10.8% during the 2nd quarter. TD Asset Management Inc now owns 131,020 shares of the company’s stock worth $2,551,000 after buying an additional 12,800 shares during the period. Arizona State Retirement System lifted its stake in DoubleVerify by 2.3% during the second quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock valued at $793,000 after buying an additional 927 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings 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 worth $129,000 after buying 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.