DoubleVerify’s (DV) Market Outperform Rating Reiterated at JMP Securities

Posted by Chris Copeland on Mar 19th, 2023

JMP Securities reissued their market outperform rating on shares of DoubleVerify (NYSE:DV – Get Rating) in a research note released on Thursday morning, Benzinga reports. They currently have a $35.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of DoubleVerify from $29.00 to $33.00 and gave the company a buy rating in a research report on Thursday, March 2nd. Canaccord Genuity Group lifted their price objective on shares of DoubleVerify from $35.00 to $40.00 and gave the company a buy rating in a research report on Thursday, March 2nd. Loop Capital lifted their price objective on shares of DoubleVerify from $32.00 to $35.00 in a research report on Thursday, March 2nd. JPMorgan Chase & Co. boosted their price target on shares of DoubleVerify from $26.00 to $30.00 and gave the stock a neutral rating in a research report on Thursday, March 2nd. Finally, Barclays boosted their price target on shares of DoubleVerify from $29.00 to $34.00 and gave the stock an overweight rating in a research report on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $34.10.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $25.30 on Thursday. DoubleVerify has a 1-year low of $17.22 and a 1-year high of $32.43. The company has a market capitalization of $4.19 billion, a P/E ratio of 101.20 and a beta of 0.76. The firm’s 50 day simple moving average is $26.05 and its two-hundred day simple moving average is $26.08.

DoubleVerify (NYSE:DV – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $133.64 million for the quarter, compared to the consensus estimate of $133.20 million. DoubleVerify had a net margin of 9.56% and a return on equity of 5.16%. On average, sell-side analysts anticipate that DoubleVerify will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, major shareholder Vii U.S. Holdings L. Providence sold 14,282,944 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $26.50, for a total transaction of $378,498,016.00. Following the transaction, the insider now owns 52,825,444 shares in the company, valued at $1,399,874,266. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other DoubleVerify news, major shareholder Vii U.S. Holdings L. Providence sold 14,282,944 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $26.50, for a total transaction of $378,498,016.00. Following the transaction, the insider now owns 52,825,444 shares in the company, valued at $1,399,874,266. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Eddleman sold 11,300 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $26.24, for a total transaction of $296,512.00. Following the transaction, the insider now owns 116,015 shares in the company, valued at approximately $3,044,233.60. The disclosure for this sale can be found here. Insiders have sold 28,681,472 shares of company stock worth $760,045,135 over the last quarter. Insiders own 3.22% of the company’s stock.

Institutional Trading of DoubleVerify

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc purchased a new stake in shares of DoubleVerify during the third quarter valued at $34,000. Assetmark Inc. boosted its stake in shares of DoubleVerify by 102.7% during the fourth quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock valued at $28,000 after purchasing an additional 645 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of DoubleVerify during the third quarter valued at $56,000. Clear Street Markets LLC purchased a new stake in shares of DoubleVerify during the fourth quarter valued at $56,000. Finally, UBS Group AG purchased a new stake in shares of DoubleVerify during the first quarter valued at $72,000. 90.21% of the stock is owned by hedge funds and other institutional investors.

About DoubleVerify

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DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.