Stifel Nicolaus Lowers DoubleVerify (NYSE:DV) Price Target to $25.00

DoubleVerify (NYSE:DV) had its price target lowered by analysts at Stifel Nicolaus from $37.00 to $25.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 31.58% from the company’s previous close.

DV has been the topic of a number of other research reports. TheStreet raised DoubleVerify from a “d+” rating to a “c-” rating in a report on Thursday, February 29th. BMO Capital Markets restated an “outperform” rating and issued a $42.00 target price (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Bank of America decreased their target price on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, March 11th. Finally, Barclays decreased their target price on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.05.

DoubleVerify Stock Performance

Shares of DV stock traded up $0.17 during trading hours on Wednesday, reaching $19.00. The company had a trading volume of 858,170 shares, compared to its average volume of 2,085,922. DoubleVerify has a twelve month low of $17.74 and a twelve month high of $43.00. The company has a market capitalization of $3.26 billion, a P/E ratio of 45.95, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11. The stock’s fifty day simple moving average is $31.41 and its 200 day simple moving average is $34.14.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. DoubleVerify’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. As a group, equities analysts expect that DoubleVerify will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the transaction, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,322,572.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now directly owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew E. Grimmig sold 50,924 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the transaction, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,431 shares of company stock valued at $3,070,904. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DV. Nicolet Advisory Services LLC bought a new position in shares of DoubleVerify during the first quarter valued at $258,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in DoubleVerify by 16,577.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,187 shares of the company’s stock worth $1,097,000 after buying an additional 31,000 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in DoubleVerify by 351.8% during the first quarter. Motley Fool Asset Management LLC now owns 118,226 shares of the company’s stock worth $4,157,000 after buying an additional 92,061 shares during the last quarter. Motley Fool Wealth Management LLC bought a new position in DoubleVerify during the first quarter worth $5,794,000. Finally, US Bancorp DE raised its stake in DoubleVerify by 186.8% during the first quarter. US Bancorp DE now owns 93,381 shares of the company’s stock worth $3,283,000 after buying an additional 60,824 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

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.