DoubleVerify (NYSE:DV) Given New $16.00 Price Target at Scotiabank

DoubleVerify (NYSE:DV) had its price objective reduced by Scotiabank from $24.00 to $16.00 in a research note released on Monday, MarketBeat reports. Scotiabank currently has a sector outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays boosted their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upgraded shares of DoubleVerify from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $19.00 in a report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their price objective on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Monday. Finally, Morgan Stanley dropped their price target on shares of DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.38.

DoubleVerify Trading Up 10.3%

Shares of DV stock opened at $10.36 on Monday. The stock has a 50 day simple moving average of $12.15 and a 200 day simple moving average of $13.87. The stock has a market cap of $1.70 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company has a current ratio of 3.98, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. The business had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at DoubleVerify

In other DoubleVerify news, Director Lucy Stamell Dobrin sold 6,392 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total value of $53,207.04. Following the sale, the insider owned 96,301 shares of the company’s stock, valued at $1,250,949.99. This represents a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,488 shares of company stock valued at $157,255 over the last quarter. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On DoubleVerify

Institutional investors and hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas bought a new position in shares of DoubleVerify during the first quarter valued at $281,000. M&T Bank Corp purchased a new stake in shares of DoubleVerify in the 1st quarter worth $175,000. New York State Common Retirement Fund lifted its position in shares of DoubleVerify by 38.0% during the 1st quarter. New York State Common Retirement Fund now owns 699,119 shares of the company’s stock valued at $9,347,000 after buying an additional 192,692 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of DoubleVerify by 11.8% in the first quarter. Edgestream Partners L.P. now owns 146,222 shares of the company’s stock worth $1,955,000 after purchasing an additional 15,407 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after acquiring an additional 1,982 shares during the period. 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.