KeyCorp Trims DoubleVerify (NYSE:DV) Target Price to $39.00

DoubleVerify (NYSE:DV) had its price target reduced by equities researchers at KeyCorp from $45.00 to $39.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 27.58% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company cut their price target on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Macquarie raised shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Monday, March 11th. JMP Securities decreased their price target on shares of DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 29th. Bank of America cut their price objective on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Robert W. Baird raised their target price on shares of DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

DoubleVerify Stock Down 1.5 %

NYSE:DV opened at $30.57 on Monday. The company has a market capitalization of $5.25 billion, a PE ratio of 74.56, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11. DoubleVerify has a 52-week low of $26.23 and a 52-week high of $43.00. The stock has a fifty day simple moving average of $32.28 and a 200-day simple moving average of $34.34.

DoubleVerify (NYSE:DV) 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 company had revenue of $172.23 million during the quarter, compared to analysts’ expectations of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. As a group, equities analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current year.

Insider Transactions at DoubleVerify

In related news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now directly owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other DoubleVerify news, CFO Nicola T. Allais sold 5,364 shares of DoubleVerify stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at approximately $2,395,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,531 shares of company stock worth $3,043,004. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoubleVerify

Institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. MA boosted its stake in DoubleVerify by 813.2% in the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after acquiring an additional 3,577,575 shares during the period. Vanguard Group Inc. boosted its stake in DoubleVerify by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after purchasing an additional 2,017,687 shares in the last quarter. Norges Bank acquired a new position in DoubleVerify during the fourth quarter worth about $58,477,000. Brown Capital Management LLC grew its stake in shares of DoubleVerify by 128.1% in the 4th quarter. Brown Capital Management LLC now owns 2,236,450 shares of the company’s stock worth $82,257,000 after purchasing an additional 1,256,195 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in DoubleVerify by 39.4% in the third quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock worth $107,076,000 after buying an additional 1,082,615 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Company Profile

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.