DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been assigned an average rating of “Moderate Buy” from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.18.

A number of analysts recently issued reports on DV shares. Morgan Stanley boosted their price objective on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Barclays decreased their price objective on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $28.00 price objective on shares of DoubleVerify in a research note on Friday, September 13th. Macquarie reiterated an “outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a research note on Wednesday, July 31st. Finally, Truist Financial reduced their target price on DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $20.02, for a total transaction of $35,315.28. Following the completion of the sale, the chief financial officer now directly owns 77,314 shares in the company, valued at approximately $1,547,826.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 5,292 shares of company stock worth $104,835 in the last ninety days. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DV. Whittier Trust Co. purchased a new position in DoubleVerify in the 1st quarter worth about $28,000. RiverPark Advisors LLC purchased a new position in DoubleVerify in the 1st quarter worth about $54,000. CWM LLC raised its position in DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying an additional 1,900 shares during the last quarter. Quadrant Capital Group LLC raised its position in DoubleVerify by 65.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after buying an additional 587 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after buying an additional 1,742 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 0.2 %

Shares of DoubleVerify stock opened at $17.19 on Monday. The business’s fifty day simple moving average is $19.14 and its 200 day simple moving average is $23.15. The firm has a market capitalization of $2.95 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. DoubleVerify has a 12 month low of $16.93 and a 12 month high of $43.00.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $155.89 million for the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Analysts predict that DoubleVerify will post 0.3 EPS for the current fiscal year.

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.