DoubleVerify (NYSE:DV) Given New $26.00 Price Target at JPMorgan Chase & Co.

DoubleVerify (NYSE:DV – Get Rating) had its target price lowered by research analysts at JPMorgan Chase & Co. from $30.00 to $26.00 in a research report issued on Wednesday, The Fly reports. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 42.23% from the company’s previous close.

Other analysts also recently issued research reports about the company. Stifel Nicolaus assumed coverage on DoubleVerify in a research note on Tuesday, February 1st. They issued a “buy” rating and a $29.00 price target on the stock. Zacks Investment Research raised DoubleVerify from a “sell” rating to a “hold” rating in a research report on Wednesday, March 9th. JMP Securities reaffirmed a “buy” rating and issued a $41.00 price objective on shares of DoubleVerify in a research report on Friday, March 18th. Canaccord Genuity Group lowered their price objective on DoubleVerify from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, March 9th. Finally, BMO Capital Markets began coverage on DoubleVerify in a research report on Wednesday, February 23rd. They issued an “outperform” rating and a $37.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $36.80.

DoubleVerify stock opened at $18.28 on Wednesday. The company has a market capitalization of $2.99 billion and a P/E ratio of 101.56. The stock’s 50 day moving average is $23.68 and its 200 day moving average is $27.90. DoubleVerify has a twelve month low of $17.22 and a twelve month high of $48.42.

DoubleVerify (NYSE:DV – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $96.72 million for the quarter, compared to the consensus estimate of $89.87 million. DoubleVerify had a return on equity of 6.61% and a net margin of 8.81%. The firm’s quarterly revenue was up 43.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS. Research analysts predict that DoubleVerify will post 0.23 earnings per share for the current fiscal year.

In related news, CEO Mark Zagorski bought 17,846 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were bought at an average cost of $25.64 per share, with a total value of $457,571.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew E. Grimmig sold 25,648 shares of the firm’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $23.56, for a total value of $604,266.88. Following the completion of the transaction, the insider now directly owns 41,776 shares in the company, valued at $984,242.56. The disclosure for this sale can be found here. Insiders have sold a total of 65,648 shares of company stock worth $1,598,067 over the last three months.

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada purchased a new stake in DoubleVerify in the 2nd quarter worth $28,000. Deutsche Bank AG increased its stake in DoubleVerify by 446.0% in the 4th quarter. Deutsche Bank AG now owns 1,163 shares of the company’s stock worth $39,000 after buying an additional 950 shares in the last quarter. Citigroup Inc. increased its stake in DoubleVerify by 284.0% in the 4th quarter. Citigroup Inc. now owns 2,611 shares of the company’s stock worth $87,000 after buying an additional 1,931 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in DoubleVerify by 970.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,404 shares of the company’s stock worth $114,000 after buying an additional 3,086 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its stake in DoubleVerify by 231.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,440 shares of the company’s stock worth $114,000 after buying an additional 2,402 shares in the last quarter. 85.08% of the stock is currently owned by institutional investors.

DoubleVerify Company Profile (Get Rating)

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.

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