JMP Securities Cuts DoubleVerify (NYSE:DV) Price Target to $34.00

DoubleVerify (NYSE:DV) had its price target reduced by equities researchers at JMP Securities from $40.00 to $34.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ target price would suggest a potential upside of 80.47% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada upped their target price on DoubleVerify from $40.00 to $49.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 target price (down from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. KeyCorp lowered DoubleVerify from an “overweight” rating to a “sector weight” rating in a report on Wednesday. Wells Fargo & Company dropped their price objective on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Finally, Robert W. Baird decreased their target price on shares of DoubleVerify from $42.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and a consensus price target of $35.05.

DoubleVerify Trading Up 0.3 %

DV stock opened at $18.84 on Wednesday. DoubleVerify has a one year low of $17.74 and a one year high of $43.00. The firm has a 50-day moving average of $31.41 and a two-hundred day moving average of $34.14. The firm has a market capitalization of $3.24 billion, a PE ratio of 45.95, a P/E/G ratio of 3.24 and a beta of 1.11.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The business had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other DoubleVerify news, 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 value of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares in the company, valued at approximately $4,171,340.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Nicola T. Allais sold 5,364 shares of DoubleVerify stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $32.80, for a total value of $175,939.20. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,431 shares of company stock valued at $3,070,904. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DV. Whittier Trust Co. bought a new position in DoubleVerify in the 1st quarter valued at $28,000. Guinness Atkinson Asset Management Inc bought a new position in DoubleVerify in the third quarter valued at about $34,000. Signaturefd LLC increased its position in DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares during the period. Huntington National Bank raised its holdings in DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in DoubleVerify during the 4th quarter worth about $42,000. Institutional investors 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.