DoubleVerify (NYSE:DV) Price Target Cut to $30.00

DoubleVerify (NYSE:DV) had its price objective decreased by analysts at Barclays from $40.00 to $30.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 59.24% from the company’s current price.

Other research analysts also recently issued reports about the stock. Needham & Company LLC reduced their target price on shares of DoubleVerify from $45.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday. Bank of America decreased their target price on DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped their price target on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price objective (down previously from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Finally, JMP Securities dropped their price objective on shares of DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.05.

DoubleVerify Stock Up 0.3 %

DV stock opened at $18.84 on Wednesday. The firm has a market cap of $3.24 billion, a PE ratio of 45.95, a P/E/G ratio of 3.24 and a beta of 1.11. The business has a 50 day moving average of $31.41 and a 200-day moving average of $34.14. DoubleVerify has a 12-month low of $17.74 and a 12-month high of $43.00.

DoubleVerify (NYSE:DV) last announced its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $140.70 million during 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 revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. On average, research analysts expect that DoubleVerify will post 0.36 earnings per share for the current year.

Insider Activity

In other news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total transaction of $27,900.00. Following the completion of the transaction, the insider now directly owns 145,944 shares in the company, valued at approximately $4,524,264. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $31.00, for a total transaction of $27,900.00. Following the transaction, the insider now directly owns 145,944 shares of the company’s stock, valued at approximately $4,524,264. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total value of $163,311.12. Following the completion of the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at approximately $2,253,705.80. The disclosure for this sale can be found here. Insiders sold 92,431 shares of company stock worth $3,070,904 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors have recently made changes to their positions in the business. Whittier Trust Co. purchased a new position in DoubleVerify in the 1st quarter worth approximately $28,000. GAMMA Investing LLC bought a new stake in DoubleVerify during the 4th quarter valued at $42,000. Signaturefd LLC boosted its position in DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after buying an additional 498 shares during the period. Guinness Atkinson Asset Management Inc bought a new stake in DoubleVerify in the 3rd quarter worth $34,000. Finally, Quadrant Capital Group LLC increased its position in shares of DoubleVerify by 65.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after acquiring an additional 587 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

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.