DoubleVerify (NYSE:DV – Get Free Report) had its price objective dropped by investment analysts at Wells Fargo & Company from $9.00 to $8.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 22.22% from the company’s previous close.
Several other equities analysts have also recently weighed in on the stock. Morgan Stanley raised their price target on shares of DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Raymond James Financial reissued an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a research note on Thursday. Canaccord Genuity Group dropped their target price on DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. The Goldman Sachs Group upped their price target on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Royal Bank Of Canada cut their target price on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.70.
Read Our Latest Stock Report on DV
DoubleVerify Trading Down 1.4%
DoubleVerify (NYSE:DV – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $205.59 million for the quarter, compared to analyst estimates of $208.77 million. DoubleVerify had a return on equity of 7.98% and a net margin of 7.16%.The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. Sell-side analysts predict that DoubleVerify will post 0.56 EPS for the current year.
Hedge Funds Weigh In On DoubleVerify
A number of large investors have recently modified their holdings of DV. Fortress Investment Group LLC purchased a new position in shares of DoubleVerify during the 3rd quarter valued at $5,668,000. Elo Mutual Pension Insurance Co grew its position in DoubleVerify by 378.0% during the third quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock worth $1,690,000 after buying an additional 111,522 shares in the last quarter. Penbrook Management LLC bought a new position in DoubleVerify in the 4th quarter worth about $1,177,000. First Eagle Investment Management LLC purchased a new stake in shares of DoubleVerify in the 3rd quarter valued at about $4,043,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of DoubleVerify during the 3rd quarter valued at about $1,419,000. 97.29% of the stock is currently owned by institutional investors.
DoubleVerify Company Profile
DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.
At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.
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