DoubleVerify Holdings, Inc. (NYSE:DV) Receives $23.00 Consensus Price Target from Brokerages

DoubleVerify Holdings, Inc. (NYSE:DV) has earned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $23.00.

DV has been the topic of a number of analyst reports. JMP Securities reissued a “market outperform” rating and set a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a report on Wednesday, December 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. Royal Bank of Canada upped their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley decreased their price target on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th.

DoubleVerify Price Performance

Shares of DV stock opened at $14.56 on Monday. The company’s fifty day simple moving average is $19.28 and its two-hundred day simple moving average is $18.88. DoubleVerify has a 1 year low of $13.42 and a 1 year high of $35.57. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 2.63 and a beta of 1.06.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction dated 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 directly owns 85,882 shares in the company, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of DoubleVerify by 106.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 57,772 shares of the company’s stock worth $1,110,000 after purchasing an additional 29,745 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of DoubleVerify during the fourth quarter worth about $6,422,000. Mackenzie Financial Corp boosted its holdings in shares of DoubleVerify by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company’s stock worth $108,753,000 after purchasing an additional 948,529 shares during the period. Neo Ivy Capital Management boosted its holdings in shares of DoubleVerify by 271.0% during the fourth quarter. Neo Ivy Capital Management now owns 174,897 shares of the company’s stock worth $3,359,000 after purchasing an additional 127,751 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its holdings in shares of DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock worth $94,262,000 after purchasing an additional 2,073,279 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

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.