DoubleVerify (NYSE:DV) PT Lowered to $39.00

DoubleVerify (NYSE:DV) had its target price cut by KeyCorp from $45.00 to $39.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 27.58% from the company’s previous close.

DV has been the topic of a number of other reports. JMP Securities decreased their price objective on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating on the stock in a report on Thursday, February 29th. BMO Capital Markets restated an “outperform” rating and issued a $42.00 price objective (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Robert W. Baird raised their target price on shares of DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Bank of America reduced their price target on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, Royal Bank of Canada raised their price objective on shares of DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.00.

DoubleVerify Trading Down 1.5 %

DV stock opened at $30.57 on Monday. The company’s 50 day moving average is $32.28 and its 200 day moving average is $34.34. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 74.56, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11. DoubleVerify has a 1-year low of $26.23 and a 1-year high of $43.00.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The firm had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. As a group, sell-side analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 5,364 shares of DoubleVerify 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 owns 73,030 shares of the company’s stock, valued at approximately $2,395,384. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Nicola T. Allais sold 5,292 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total transaction of $163,311.12. Following the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at approximately $2,253,705.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief financial officer now owns 73,030 shares in the company, valued at $2,395,384. The disclosure for this sale can be found here. Insiders have sold a total of 91,531 shares of company stock worth $3,043,004 over the last 90 days. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Whittier Trust Co. purchased a new stake in shares of DoubleVerify during the 1st quarter valued at about $28,000. Guinness Atkinson Asset Management Inc purchased a new stake in DoubleVerify during the third quarter valued at approximately $34,000. Signaturefd LLC raised its position in DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after acquiring an additional 498 shares during the period. Huntington National Bank boosted its stake in shares of DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after acquiring an additional 439 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of DoubleVerify during the 4th quarter valued at $42,000. 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.