DoubleVerify (NYSE:DV) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of DoubleVerify (NYSE:DV) in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a $22.00 target price on the stock.

Other analysts also recently issued reports about the company. Raymond James began coverage on DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price on the stock. Loop Capital cut DoubleVerify from a “buy” rating to a “hold” rating and dropped their target price for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Baird R W cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Cannonball Research lowered DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Finally, Barclays cut their price objective on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.00.

DoubleVerify Stock Performance

DV stock opened at $12.65 on Tuesday. DoubleVerify has a 52-week low of $12.46 and a 52-week high of $34.39. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.63 and a beta of 1.06. The firm has a 50 day moving average price of $18.01 and a 200-day moving average price of $18.52.

Insider Activity

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

Institutional Investors Weigh In On DoubleVerify

A number of large investors have recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in DoubleVerify by 61.3% in the 3rd quarter. Captrust Financial Advisors now owns 41,362 shares of the company’s stock valued at $697,000 after acquiring an additional 15,714 shares during the last quarter. Verition Fund Management LLC grew its position 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 valued at $3,332,000 after purchasing an additional 36,746 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of DoubleVerify in the third quarter valued at approximately $29,000. Point72 Hong Kong Ltd acquired a new position in DoubleVerify during the third quarter worth $152,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in DoubleVerify in the 3rd quarter valued at $132,000. Hedge funds and other institutional investors 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.