DoubleVerify (NYSE:DV) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of DoubleVerify (NYSE:DV) in a research note released on Tuesday morning,Benzinga reports. They currently have a $22.00 target price on the stock.

Several other research firms also recently commented on DV. The Goldman Sachs Group reissued a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and lowered their price target for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. Canaccord Genuity Group reduced their price objective on DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, DoubleVerify currently has an average rating of “Hold” and an average price target of $22.00.

DoubleVerify Trading Up 1.2 %

Shares of DoubleVerify stock opened at $13.54 on Tuesday. The business’s 50-day moving average price is $18.28 and its 200-day moving average price is $18.60. The firm has a market capitalization of $2.25 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. DoubleVerify has a 12 month low of $12.81 and a 12 month high of $34.39.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently made changes to their positions in DV. Burgundy Asset Management Ltd. lifted its position in DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock valued at $94,262,000 after buying an additional 2,073,279 shares during the period. Norges Bank purchased a new position in DoubleVerify during the 4th quarter valued at about $33,957,000. BNP Paribas Financial Markets purchased a new position in DoubleVerify during the 4th quarter valued at about $31,579,000. Alta Fox Capital Management LLC bought a new stake in DoubleVerify during the fourth quarter worth about $24,267,000. Finally, Disciplined Growth Investors Inc. MN purchased a new stake in DoubleVerify in the third quarter worth about $19,457,000. 97.29% of the stock is currently owned by 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.