DoubleVerify (NYSE:DV) Given New $45.00 Price Target at Barclays

DoubleVerify (NYSE:DV) had its price target lowered by Barclays from $47.00 to $45.00 in a research report report published on Monday, MarketBeat Ratings reports. Barclays currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on the company. Robert W. Baird assumed coverage on DoubleVerify in a research note on Friday, August 18th. They issued an outperform rating and a $38.00 price target on the stock. The Goldman Sachs Group lifted their price target on DoubleVerify from $35.00 to $40.00 in a research note on Monday, July 17th. Wells Fargo & Company assumed coverage on DoubleVerify in a research note on Tuesday, June 27th. They issued an overweight rating and a $44.00 price target on the stock. Stifel Nicolaus lifted their price target on DoubleVerify from $35.00 to $44.00 and gave the company a buy rating in a research note on Friday, July 21st. Finally, Stephens reissued an overweight rating and set a $47.00 price objective on shares of DoubleVerify in a report on Tuesday, August 1st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, DoubleVerify currently has a consensus rating of Moderate Buy and an average price target of $42.47.

DoubleVerify Trading Down 2.5 %

Shares of NYSE DV opened at $28.21 on Monday. The firm has a market cap of $4.72 billion, a P/E ratio of 94.03 and a beta of 0.94. DoubleVerify has a 1-year low of $20.38 and a 1-year high of $42.51. The business’s 50 day moving average is $34.85 and its 200-day moving average is $32.70.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. DoubleVerify had a return on equity of 6.01% and a net margin of 10.64%. The firm had revenue of $133.74 million for the quarter, compared to analyst estimates of $133.39 million. During the same quarter last year, the company earned $0.06 EPS. The company’s revenue was up 21.8% on a year-over-year basis. Analysts forecast that DoubleVerify will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 9,231 shares of DoubleVerify stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $28.86, for a total value of $266,406.66. Following the completion of the transaction, the chief financial officer now directly owns 59,674 shares of the company’s stock, valued at approximately $1,722,191.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Nicola T. Allais sold 9,231 shares of DoubleVerify stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $28.86, for a total value of $266,406.66. Following the completion of the transaction, the chief financial officer now directly owns 59,674 shares of the company’s stock, valued at approximately $1,722,191.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Laura Desmond sold 11,003 shares of DoubleVerify stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.75, for a total value of $338,342.25. Following the completion of the transaction, the director now directly owns 179,071 shares of the company’s stock, valued at $5,506,433.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,191,350 shares of company stock valued at $819,263,084. 3.27% of the stock is currently owned by company insiders.

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DV. BlackRock Inc. increased its position in DoubleVerify by 53.9% in the 1st quarter. BlackRock Inc. now owns 16,536,887 shares of the company’s stock valued at $498,587,000 after buying an additional 5,794,567 shares in the last quarter. 1832 Asset Management L.P. increased its position in DoubleVerify by 95.0% in the 1st quarter. 1832 Asset Management L.P. now owns 3,524,100 shares of the company’s stock valued at $106,252,000 after buying an additional 1,717,000 shares in the last quarter. Macquarie Group Ltd. increased its position in DoubleVerify by 116.8% in the 1st quarter. Macquarie Group Ltd. now owns 3,130,950 shares of the company’s stock valued at $94,398,000 after buying an additional 1,686,718 shares in the last quarter. Riverbridge Partners LLC bought a new stake in DoubleVerify during the 1st quarter worth approximately $42,675,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in DoubleVerify by 32.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,229,072 shares of the company’s stock worth $118,543,000 after purchasing an additional 1,289,415 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Company Profile

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.