DoubleVerify (NYSE:DV) Given New $19.00 Price Target at Macquarie

DoubleVerify (NYSE:DV) had its target price lowered by Macquarie from $25.00 to $19.00 in a report issued on Friday morning, Benzinga reports. Macquarie currently has an outperform rating on the stock.

Several other research analysts have also commented on the company. Barclays lowered their price target on DoubleVerify from $27.00 to $23.00 and set an overweight rating for the company in a research report on Friday. Needham & Company LLC restated a buy rating and set a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. Royal Bank of Canada restated an outperform rating and set a $40.00 price target on shares of DoubleVerify in a research report on Friday, June 14th. Truist Financial lowered their price target on DoubleVerify from $32.00 to $26.00 and set a buy rating for the company in a research report on Wednesday, September 18th. Finally, Morgan Stanley lifted their target price on DoubleVerify from $21.00 to $22.00 and gave the company an equal weight rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $30.24.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $17.58 on Friday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 2.21 and a beta of 0.90. DoubleVerify has a fifty-two week low of $16.38 and a fifty-two week high of $43.00. The stock has a 50 day moving average of $18.10 and a 200 day moving average of $21.29.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $155.89 million during 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 firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. Analysts forecast that DoubleVerify will post 0.3 EPS for the current year.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $19.25, for a total value of $33,957.00. Following the completion of the sale, the chief financial officer now owns 77,314 shares in the company, valued at $1,488,294.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 8,820 shares of company stock worth $160,206 in the last 90 days. 3.00% of the stock is owned by company insiders.

Institutional Trading of DoubleVerify

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of DoubleVerify by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock worth $552,974,000 after purchasing an additional 216,370 shares during the period. Congress Asset Management Co. MA grew its position in DoubleVerify by 813.2% in the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after acquiring an additional 3,577,575 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in DoubleVerify in the second quarter valued at approximately $73,268,000. Van Berkom & Associates Inc. grew its position in DoubleVerify by 25.9% in the second quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company’s stock valued at $59,310,000 after acquiring an additional 626,586 shares in the last quarter. Finally, Burgundy Asset Management Ltd. acquired a new stake in DoubleVerify in the second quarter valued at approximately $54,099,000. Hedge funds and other 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.