DoubleVerify (NYSE:DV) Price Target Raised to $38.00

DoubleVerify (NYSE:DV – Get Rating) had its target price boosted by Truist Financial from $37.00 to $38.00 in a report published on Thursday, The Fly reports.

Several other research firms have also recently commented on DV. Loop Capital boosted their price target on DoubleVerify from $32.00 to $35.00 in a research note on Thursday, March 2nd. TheStreet upgraded DoubleVerify from a d rating to a c- rating in a research note on Wednesday, March 1st. Piper Sandler assumed coverage on DoubleVerify in a research note on Wednesday, April 12th. They issued an overweight rating and a $35.00 price target on the stock. JMP Securities reiterated a market outperform rating and issued a $35.00 price target on shares of DoubleVerify in a research note on Thursday, March 16th. Finally, The Goldman Sachs Group boosted their price target on DoubleVerify from $29.00 to $33.00 and gave the stock a buy rating in a research note on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $34.45.

DoubleVerify Price Performance

Shares of NYSE DV opened at $28.25 on Thursday. DoubleVerify has a 1-year low of $20.28 and a 1-year high of $32.43. The business has a 50-day moving average of $28.45 and a 200-day moving average of $26.50. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 113.00 and a beta of 0.82.

DoubleVerify (NYSE:DV – Get Rating) last issued its earnings results on Wednesday, May 10th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. DoubleVerify had a return on equity of 5.16% and a net margin of 9.56%. The company had revenue of $122.59 million during the quarter, compared to the consensus estimate of $117.93 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Research analysts expect that DoubleVerify will post 0.38 EPS for the current fiscal year.

Insider Transactions at DoubleVerify

In other news, insider Andrew E. Grimmig sold 40,000 shares of the stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $30.52, for a total transaction of $1,220,800.00. Following the sale, the insider now directly owns 55,964 shares in the company, valued at approximately $1,708,021.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Andrew E. Grimmig sold 40,000 shares of the stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $30.52, for a total transaction of $1,220,800.00. Following the sale, the insider now directly owns 55,964 shares in the company, valued at approximately $1,708,021.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Davis Noell sold 14,375,000 shares of the 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 completion of the transaction, the director now directly owns 340,464 shares of the company’s stock, valued at $9,022,296. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,761,368 shares of company stock worth $762,405,606. 3.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DV. Assetmark Inc. grew its holdings in DoubleVerify by 102.7% in the 4th quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $28,000 after buying an additional 645 shares in the last quarter. IFP Advisors Inc bought a new position in DoubleVerify during the 3rd quarter valued at $34,000. Lazard Asset Management LLC bought a new position in DoubleVerify during the 3rd quarter valued at $56,000. Clear Street Markets LLC bought a new position in DoubleVerify during the 4th quarter valued at $56,000. Finally, Harvest Fund Management Co. Ltd bought a new position in DoubleVerify during the 1st quarter valued at $60,000. 90.21% of the stock is owned by institutional investors.

DoubleVerify Company Profile

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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.