DoubleVerify (NYSE:DV) Stock Rating Reaffirmed by JMP Securities

DoubleVerify (NYSE:DV – Get Rating)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a research note issued to investors on Thursday, Benzinga reports. They presently have a $35.00 price target on the stock. JMP Securities’ target price suggests a potential upside of 38.34% from the company’s previous close.

Several other analysts also recently commented on DV. Barclays raised their price objective on shares of DoubleVerify from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd. TheStreet raised shares of DoubleVerify from a “d” rating to a “c-” rating in a research report on Wednesday, March 1st. The Goldman Sachs Group increased their target price on DoubleVerify from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 2nd. Loop Capital increased their target price on DoubleVerify from $32.00 to $35.00 in a report on Thursday, March 2nd. Finally, Royal Bank of Canada increased their target price on DoubleVerify from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, March 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.10.

DoubleVerify Stock Performance

DoubleVerify stock opened at $25.30 on Thursday. DoubleVerify has a 52-week low of $17.22 and a 52-week high of $32.43. The firm has a 50 day moving average price of $26.05 and a two-hundred day moving average price of $26.08. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 101.20 and a beta of 0.76.

DoubleVerify (NYSE:DV – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). DoubleVerify had a return on equity of 5.16% and a net margin of 9.56%. The firm had revenue of $133.64 million for the quarter, compared to the consensus estimate of $133.20 million. As a group, equities research analysts predict that DoubleVerify will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In other news, Director Robert Davis Noell sold 14,375,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $26.50, for a total value of $380,937,500.00. Following the transaction, the director now owns 340,464 shares in the company, valued at approximately $9,022,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Nicola T. Allais sold 1,607 shares of the firm’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $21.47, for a total transaction of $34,502.29. Following the completion of the sale, the chief financial officer now owns 54,092 shares in the company, valued at $1,161,355.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Davis Noell sold 14,375,000 shares of DoubleVerify stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $26.50, for a total transaction of $380,937,500.00. Following the completion of the sale, the director now directly owns 340,464 shares in the company, valued at approximately $9,022,296. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,681,472 shares of company stock worth $760,045,135. Insiders own 3.22% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

A number of hedge funds have recently modified their holdings of DV. Los Angeles Capital Management LLC purchased a new stake in DoubleVerify in the third quarter worth $7,049,000. Congress Wealth Management LLC DE purchased a new stake in DoubleVerify in the 3rd quarter worth about $325,000. Massachusetts Financial Services Co. MA raised its stake in DoubleVerify by 7.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,860 shares of the company’s stock valued at $40,611,000 after acquiring an additional 101,906 shares during the period. Values First Advisors Inc. purchased a new stake in DoubleVerify during the third quarter valued at about $525,000. Finally, Russell Investments Group Ltd. boosted its position in DoubleVerify by 131.5% during the third quarter. Russell Investments Group Ltd. now owns 254,108 shares of the company’s stock worth $6,948,000 after purchasing an additional 144,334 shares during the period. Institutional investors own 90.21% of the company’s stock.

About DoubleVerify

(Get Rating)

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.