DoubleVerify (NYSE:DV – Get Free Report) had its price objective dropped by investment analysts at Wells Fargo & Company from $44.00 to $41.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 34.91% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of DoubleVerify in a report on Wednesday. Barclays decreased their price target on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday. William Blair reaffirmed an “outperform” rating on shares of DoubleVerify in a report on Wednesday, November 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (down previously from $44.00) on shares of DoubleVerify in a report on Friday. Finally, Robert W. Baird raised their target price on DoubleVerify from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.84.
Get Our Latest Stock Analysis on DV
DoubleVerify Stock Down 1.6 %
DV traded down $0.50 on Friday, reaching $30.39. The company’s stock had a trading volume of 2,546,237 shares, compared to its average volume of 1,657,406. The stock has a 50 day moving average of $39.16 and a two-hundred day moving average of $33.66. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 73.54, a P/E/G ratio of 3.03 and a beta of 1.16. DoubleVerify has a fifty-two week low of $23.42 and a fifty-two week high of $43.00.
DoubleVerify (NYSE:DV – Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.53%. As a group, analysts anticipate that DoubleVerify will post 0.45 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Laura Desmond sold 11,002 shares of DoubleVerify stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $37.39, for a total transaction of $411,364.78. Following the completion of the sale, the director now owns 132,197 shares in the company, valued at approximately $4,942,845.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other DoubleVerify news, CFO Nicola T. Allais sold 9,225 shares of DoubleVerify stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $37.49, for a total value of $345,845.25. Following the completion of the sale, the chief financial officer now owns 67,309 shares in the company, valued at approximately $2,523,414.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura Desmond sold 11,002 shares of DoubleVerify stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $37.39, for a total value of $411,364.78. Following the completion of the sale, the director now owns 132,197 shares of the company’s stock, valued at approximately $4,942,845.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,977 shares of company stock worth $785,313. 3.27% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On DoubleVerify
Several hedge funds and other institutional investors have recently bought and sold shares of DV. Bessemer Group Inc. acquired a new position in shares of DoubleVerify in the 2nd quarter valued at approximately $26,000. Guinness Atkinson Asset Management Inc acquired a new position in shares of DoubleVerify in the 3rd quarter valued at approximately $34,000. Signaturefd LLC raised its position in shares of DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after purchasing an additional 498 shares in the last quarter. Huntington National Bank raised its position in shares of DoubleVerify by 241.7% in the 2nd quarter. Huntington National Bank now owns 1,056 shares of the company’s stock valued at $41,000 after purchasing an additional 747 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of DoubleVerify in the 4th quarter valued at approximately $42,000. 97.29% of the stock is owned by institutional investors and hedge funds.
About DoubleVerify
DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and analytics in the United States and internationally. The company provides solutions to advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.
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