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

Shares of DoubleVerify Holdings, Inc. (NYSE:DVGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $42.32.

DV has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of DoubleVerify from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Morgan Stanley initiated coverage on DoubleVerify in a research report on Wednesday, December 13th. They issued an “overweight” rating and a $40.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of DoubleVerify in a report on Friday, December 22nd. JMP Securities raised their target price on DoubleVerify from $39.00 to $45.00 and gave the stock a “market outperform” rating in a report on Friday, January 19th. Finally, Bank of America started coverage on shares of DoubleVerify in a report on Thursday, January 11th. They set a “buy” rating and a $47.00 price objective for the company.

Get Our Latest Stock Report on DV

Insider Transactions at DoubleVerify

In other DoubleVerify news, insider Julie Eddleman sold 750 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $37.47, for a total value of $28,102.50. Following the completion of the sale, the insider now owns 133,436 shares in the company, valued at $4,999,846.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Nicola T. Allais sold 9,225 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $37.49, for a total value of $345,845.25. Following the sale, the chief financial officer now owns 67,309 shares in the company, valued at approximately $2,523,414.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Julie Eddleman sold 750 shares of DoubleVerify stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $37.47, for a total transaction of $28,102.50. Following the transaction, the insider now directly owns 133,436 shares of the company’s stock, valued at $4,999,846.92. The disclosure for this sale can be found here. Insiders have sold a total of 32,729 shares of company stock worth $1,163,542 in the last 90 days. Corporate insiders own 3.27% of the company’s stock.

Institutional Trading of DoubleVerify

A number of hedge funds have recently modified their holdings of DV. Bessemer Group Inc. acquired a new stake in shares of DoubleVerify during the second quarter worth $26,000. Guinness Atkinson Asset Management Inc acquired a new stake in shares of DoubleVerify during the 3rd quarter worth $34,000. Signaturefd LLC increased its position in shares of DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares during the period. Huntington National Bank raised its stake in DoubleVerify by 241.7% in the second quarter. Huntington National Bank now owns 1,056 shares of the company’s stock valued at $41,000 after purchasing an additional 747 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of DoubleVerify in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Down 1.7 %

DV stock opened at $41.62 on Friday. The business has a fifty day moving average of $37.44 and a 200-day moving average of $33.16. The company has a market cap of $7.08 billion, a P/E ratio of 130.07, a PEG ratio of 3.27 and a beta of 1.16. DoubleVerify has a twelve month low of $23.42 and a twelve month high of $42.98.

DoubleVerify (NYSE:DVGet Free Report) last released its earnings results on Thursday, November 9th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). DoubleVerify had a net margin of 10.57% and a return on equity of 6.06%. The business had revenue of $144.00 million for the quarter, compared to analyst estimates of $139.05 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, equities research analysts anticipate that DoubleVerify will post 0.35 earnings per share for the current fiscal year.

DoubleVerify Company Profile

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

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Analyst Recommendations for DoubleVerify (NYSE:DV)

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