DoubleVerify (NYSE:DV) Given New $20.00 Price Target at Royal Bank Of Canada

DoubleVerify (NYSE:DV) had its target price dropped by investment analysts at Royal Bank Of Canada from $23.00 to $20.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 91.11% from the company’s current price.

A number of other brokerages also recently weighed in on DV. JPMorgan Chase & Co. upgraded DoubleVerify from a “neutral” rating to an “overweight” rating and upped their target price for the company from $18.00 to $19.00 in a report on Friday, August 1st. Needham & Company LLC dropped their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday. Barclays lifted their target price on shares of DoubleVerify from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Morgan Stanley dropped their price target on shares of DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Finally, Wells Fargo & Company cut their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.59.

DoubleVerify Trading Up 11.4%

Shares of DoubleVerify stock traded up $1.08 during trading on Monday, hitting $10.47. The stock had a trading volume of 1,230,373 shares, compared to its average volume of 2,759,368. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11. The stock has a 50 day simple moving average of $12.27 and a 200 day simple moving average of $13.89. The company has a quick ratio of 4.41, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.71 billion, a PE ratio of 41.78, a P/E/G ratio of 1.42 and a beta of 0.98.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The firm had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. During the same quarter last year, the business posted $0.10 EPS. The company’s revenue was up 11.2% on a year-over-year basis. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts expect that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Activity

In other DoubleVerify news, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total value of $53,207.04. Following the sale, the insider owned 96,301 shares of the company’s stock, valued at $1,250,949.99. The trade was a 4.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,488 shares of company stock worth $157,255 over the last 90 days. Corporate insiders own 3.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gagnon Securities LLC boosted its position in DoubleVerify by 280.9% in the second quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock valued at $5,464,000 after buying an additional 269,170 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of DoubleVerify by 99.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock valued at $22,417,000 after acquiring an additional 747,252 shares during the last quarter. ING Groep NV boosted its holdings in shares of DoubleVerify by 32.9% in the 1st quarter. ING Groep NV now owns 503,900 shares of the company’s stock worth $6,737,000 after acquiring an additional 124,800 shares in the last quarter. Vanguard Group Inc. grew its position in DoubleVerify by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock worth $246,891,000 after acquiring an additional 984,779 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in DoubleVerify by 3.2% during the 1st quarter. Northern Trust Corp now owns 1,153,839 shares of the company’s stock valued at $15,427,000 after purchasing an additional 36,009 shares in 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.