DoubleVerify’s (DV) “Buy” Rating Reiterated at Needham & Company LLC

DoubleVerify (NYSE:DVGet Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $18.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 44.40% from the company’s previous close.

A number of other analysts have also weighed in on DV. Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Stifel Nicolaus set a $20.00 target price on DoubleVerify in a research report on Friday, February 28th. Bank of America upgraded DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th. The Goldman Sachs Group dropped their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a report on Monday. Finally, Barclays reduced their target price on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.38.

Read Our Latest Research Report on DoubleVerify

DoubleVerify Stock Performance

Shares of DV opened at $12.47 on Wednesday. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $31.15. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.63 and a beta of 1.04. The business’s fifty day moving average is $15.92 and its 200-day moving average is $18.11.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new stake in shares of DoubleVerify in the first quarter worth approximately $704,000. Wealth Enhancement Advisory Services LLC raised its position in DoubleVerify by 68.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 97,140 shares of the company’s stock valued at $1,299,000 after buying an additional 39,368 shares during the last quarter. SG Americas Securities LLC lifted its stake in DoubleVerify by 669.2% during the 1st quarter. SG Americas Securities LLC now owns 45,200 shares of the company’s stock valued at $604,000 after acquiring an additional 39,324 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in DoubleVerify by 167.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 25,145 shares of the company’s stock worth $336,000 after acquiring an additional 15,751 shares during the last quarter. Finally, Washington Capital Management Inc. boosted its holdings in DoubleVerify by 24.3% during the 1st quarter. Washington Capital Management Inc. now owns 39,400 shares of the company’s stock worth $527,000 after acquiring an additional 7,700 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Company Profile

(Get Free Report)

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.

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Analyst Recommendations for DoubleVerify (NYSE:DV)

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