DoubleVerify (NYSE:DV) PT Lowered to $39.00 at KeyCorp

DoubleVerify (NYSE:DV) had its target price trimmed by KeyCorp from $45.00 to $39.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also recently issued reports on DV. Wells Fargo & Company decreased their target price on DoubleVerify from $44.00 to $41.00 and set an overweight rating on the stock in a research report on Friday, March 1st. Bank of America cut their price target on DoubleVerify from $47.00 to $45.00 and set a buy rating for the company in a research note on Thursday, February 29th. Barclays dropped their target price on shares of DoubleVerify from $43.00 to $40.00 and set an overweight rating on the stock in a research report on Thursday, February 29th. Needham & Company LLC reissued a buy rating and set a $45.00 price objective on shares of DoubleVerify in a report on Thursday, March 28th. Finally, Macquarie raised DoubleVerify from a neutral rating to an outperform rating and set a $40.00 price target for the company in a report on Monday, March 11th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $37.47.

DoubleVerify Stock Performance

Shares of DV opened at $18.77 on Monday. The firm’s 50 day moving average price is $32.06 and its two-hundred day moving average price is $34.35. The firm has a market cap of $3.22 billion, a P/E ratio of 45.78, a PEG ratio of 3.24 and a beta of 1.11. DoubleVerify has a twelve month low of $17.74 and a twelve month high of $43.00.

DoubleVerify (NYSE:DV) last released its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $138.25 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. On average, sell-side analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the sale, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total value of $163,311.12. Following the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,253,705.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $32.80, for a total value of $175,939.20. Following the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,531 shares of company stock worth $3,043,004. 3.00% of the stock is owned by insiders.

Institutional Trading of DoubleVerify

Several hedge funds and other institutional investors have recently bought and sold shares of DV. Whittier Trust Co. purchased a new position in shares of DoubleVerify during the first quarter valued at $28,000. Guinness Atkinson Asset Management Inc purchased a new position in shares of DoubleVerify during the 3rd quarter valued at about $34,000. Signaturefd LLC boosted its position in DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares in the last quarter. Huntington National Bank increased its holdings in shares of DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock valued at $42,000 after purchasing an additional 439 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of DoubleVerify in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

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.