DoubleVerify Holdings, Inc. (NYSE:DV) Receives $42.50 Consensus Price Target from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.50.

A number of analysts recently commented on the company. JMP Securities dropped their price objective on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating for the company in a research report on Thursday, February 29th. Royal Bank of Canada lifted their price objective on DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Robert W. Baird lifted their price objective on DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Bank of America decreased their price target on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Finally, Wells Fargo & Company decreased their price target on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st.

Insider Activity

In related news, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now directly owns 39,468 shares in the company, valued at approximately $1,322,572.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now directly owns 39,468 shares in the company, valued at approximately $1,322,572.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now owns 137,668 shares in the company, valued at $4,171,340.40. The disclosure for this sale can be found here. Insiders have sold 91,531 shares of company stock valued at $3,043,004 in the last three months. Corporate insiders own 3.27% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently modified their holdings of the stock. Guinness Atkinson Asset Management Inc purchased a new stake in DoubleVerify during the 3rd quarter worth approximately $34,000. Signaturefd LLC increased its holdings in DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares during the last quarter. Huntington National Bank increased its holdings in DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares during the last quarter. GAMMA Investing LLC purchased a new stake in DoubleVerify during the 4th quarter worth approximately $42,000. Finally, Quadrant Capital Group LLC increased its holdings in DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares during the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Stock Up 0.3 %

Shares of DV stock opened at $30.23 on Friday. DoubleVerify has a fifty-two week low of $26.23 and a fifty-two week high of $43.00. The stock has a market cap of $5.19 billion, a P/E ratio of 73.73, a P/E/G ratio of 3.23 and a beta of 1.04. The business has a fifty day simple moving average of $33.69 and a 200-day simple moving average of $34.24.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business had revenue of $172.23 million during the quarter, compared to analysts’ expectations of $171.85 million. On average, sell-side analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current year.

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.