DoubleVerify (NYSE:DV) Price Target Lowered to $14.00 at Royal Bank Of Canada

DoubleVerify (NYSE:DVFree Report) had its price objective decreased by Royal Bank Of Canada from $17.00 to $14.00 in a research report report published on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Barclays reaffirmed an “equal weight” rating and set a $12.00 price target on shares of DoubleVerify in a research note on Monday, January 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, January 21st. Canaccord Genuity Group reduced their price target on DoubleVerify from $24.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Truist Financial cut their price target on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, DoubleVerify currently has a consensus rating of “Hold” and an average price target of $15.94.

Read Our Latest Analysis on DoubleVerify

DoubleVerify Trading Up 11.0%

NYSE:DV traded up $1.05 during trading hours on Friday, hitting $10.58. The company had a trading volume of 5,411,460 shares, compared to its average volume of 2,780,579. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $17.08. The company has a market capitalization of $1.70 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 0.63 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a 50-day moving average price of $10.45 and a 200 day moving average price of $11.66.

DoubleVerify (NYSE:DVGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). DoubleVerify had a return on equity of 7.62% and a net margin of 6.77%.The firm had revenue of $205.59 million during the quarter, compared to the consensus estimate of $208.77 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that DoubleVerify will post 0.36 EPS for the current fiscal year.

Institutional Trading of DoubleVerify

Hedge funds have recently added to or reduced their stakes in the company. TradeLink Capital LLC purchased a new position in shares of DoubleVerify during the 2nd quarter worth approximately $607,000. Hussman Strategic Advisors Inc. acquired a new stake in DoubleVerify during the 3rd quarter worth approximately $2,516,000. Gagnon Securities LLC raised its stake in shares of DoubleVerify by 86.3% during the third quarter. Gagnon Securities LLC now owns 679,917 shares of the company’s stock valued at $8,145,000 after purchasing an additional 314,917 shares during the period. JPMorgan Chase & Co. raised its position in shares of DoubleVerify by 18.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 768,230 shares of the company’s stock valued at $11,500,000 after purchasing an additional 117,161 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in shares of DoubleVerify by 15.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 529,775 shares of the company’s stock valued at $6,347,000 after acquiring an additional 69,972 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

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About DoubleVerify

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DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.

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