DoubleVerify (NYSE:DV) Price Target Lowered to $30.00 at Barclays

DoubleVerify (NYSE:DV) had its target price trimmed by Barclays from $40.00 to $30.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Needham & Company LLC cut their price objective on DoubleVerify from $45.00 to $33.00 and set a buy rating for the company in a research report on Wednesday. KeyCorp cut shares of DoubleVerify from an overweight rating to a sector weight rating in a research report on Wednesday. Piper Sandler cut their target price on shares of DoubleVerify from $40.00 to $30.00 and set an overweight rating for the company in a research note on Wednesday. Robert W. Baird decreased their price target on shares of DoubleVerify from $42.00 to $34.00 and set an outperform rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus reduced their price objective on DoubleVerify from $37.00 to $25.00 and set a buy rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $35.05.

DoubleVerify Stock Up 0.3 %

Shares of DV stock traded up $0.06 during trading on Wednesday, reaching $18.84. The company’s stock had a trading volume of 7,987,461 shares, compared to its average volume of 2,103,979. The business has a fifty day moving average price of $31.65 and a 200-day moving average price of $34.25. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11. DoubleVerify has a one year low of $17.74 and a one year high of $43.00.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS. Research analysts anticipate that DoubleVerify will post 0.36 EPS for the current year.

Insider Buying and Selling at DoubleVerify

In other news, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other DoubleVerify news, CFO Nicola T. Allais sold 5,364 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total value of $175,939.20. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,431 shares of company stock worth $3,070,904. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. purchased a new stake in shares of DoubleVerify during the 1st quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $42,000. Signaturefd LLC grew its position in shares of DoubleVerify by 84.7% during the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after purchasing an additional 498 shares in the last quarter. Guinness Atkinson Asset Management Inc purchased a new stake in shares of DoubleVerify during the 3rd quarter worth approximately $34,000. Finally, Quadrant Capital Group LLC lifted its position in DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after purchasing an additional 587 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

About DoubleVerify

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.