DoubleVerify (NYSE:DV) Price Target Lowered to $16.00 at Raymond James

DoubleVerify (NYSE:DV) had its target price trimmed by Raymond James from $22.00 to $16.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on DV. Bank of America raised shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. Stifel Nicolaus reduced their price target on DoubleVerify from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Canaccord Genuity Group lowered their price target on DoubleVerify from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Loop Capital cut DoubleVerify from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. Finally, Baird R W cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.23.

DoubleVerify Stock Down 0.3 %

Shares of DV stock opened at $13.39 on Monday. DoubleVerify has a 12 month low of $11.52 and a 12 month high of $31.11. The company’s fifty day simple moving average is $13.66 and its 200-day simple moving average is $17.79. The firm has a market cap of $2.17 billion, a PE ratio of 36.18, a P/E/G ratio of 2.63 and a beta of 1.03.

Institutional Investors Weigh In On DoubleVerify

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after purchasing an additional 981 shares in the last quarter. Signaturefd LLC raised its position in shares of DoubleVerify by 582.9% in the first quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after buying an additional 1,982 shares in the last quarter. GAMMA Investing LLC raised its position in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after buying an additional 863 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after buying an additional 1,285 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in DoubleVerify during the first quarter worth approximately $40,000. 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.