DoubleVerify Holdings, Inc. (NYSE:DV) Receives $35.05 Average Price Target from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DVGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $35.05.

Several analysts have issued reports on the stock. William Blair downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Capital One Financial cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Barclays reduced their target price on DoubleVerify from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Truist Financial lowered their target price on shares of DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, JMP Securities reduced their price target on shares of DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 8th.

View Our Latest Stock Analysis on DV

Insider Buying and Selling at DoubleVerify

In related news, insider Andrew E. Grimmig sold 16,667 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $33.80, for a total transaction of $563,344.60. Following the completion of the transaction, the insider now owns 39,468 shares in the company, valued at approximately $1,334,018.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Andrew E. Grimmig sold 16,667 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $33.80, for a total value of $563,344.60. Following the completion of the sale, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $33.45, for a total value of $177,017.40. Following the transaction, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,442,853.50. The disclosure for this sale can be found here. Insiders have sold 35,243 shares of company stock worth $1,161,232 over the last quarter. Insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

Several large investors have recently bought and sold shares of DV. Motley Fool Asset Management LLC purchased a new stake in DoubleVerify during the 4th quarter valued at about $962,000. Principal Financial Group Inc. lifted its holdings in shares of DoubleVerify by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,131,473 shares of the company’s stock worth $78,396,000 after purchasing an additional 185,458 shares during the period. Ranger Investment Management L.P. boosted its position in DoubleVerify by 26.6% in the fourth quarter. Ranger Investment Management L.P. now owns 907,313 shares of the company’s stock valued at $33,371,000 after buying an additional 190,786 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in DoubleVerify by 40.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company’s stock worth $5,388,000 after buying an additional 55,322 shares during the period. Finally, Honeycomb Asset Management LP purchased a new position in DoubleVerify during the 4th quarter worth approximately $14,712,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $18.61 on Friday. The business’s 50 day moving average price is $23.47 and its 200-day moving average price is $31.94. DoubleVerify has a fifty-two week low of $17.50 and a fifty-two week high of $43.00. The company has a market cap of $3.20 billion, a P/E ratio of 48.97, a P/E/G ratio of 2.71 and a beta of 0.92.

DoubleVerify (NYSE:DVGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The business had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $138.25 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts predict that DoubleVerify will post 0.33 EPS for the current year.

DoubleVerify declared that its board has initiated a stock repurchase plan on Thursday, May 16th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About DoubleVerify

(Get Free Report

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.

Further Reading

Analyst Recommendations for DoubleVerify (NYSE:DV)

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