DoubleVerify (NYSE:DV) Price Target Raised to $13.00 at Wells Fargo & Company

DoubleVerify (NYSE:DV) had its price target upped by Wells Fargo & Company from $12.00 to $13.00 in a report published on Thursday,Benzinga reports. The firm currently has an underweight rating on the stock.

Other equities analysts have also issued research reports about the company. Barclays dropped their price objective on DoubleVerify from $24.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Morgan Stanley lowered their price target on DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Stifel Nicolaus raised their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and reduced their price target for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.86.

DoubleVerify Trading Down 0.3%

Shares of NYSE DV opened at $14.90 on Thursday. The stock has a market cap of $2.42 billion, a P/E ratio of 40.27, a PEG ratio of 2.63 and a beta of 1.03. DoubleVerify has a 12-month low of $11.52 and a 12-month high of $23.11. The business’s fifty day simple moving average is $13.52 and its 200-day simple moving average is $16.94.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $165.06 million during the quarter, compared to analysts’ expectations of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. On average, equities analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Institutional Trading of DoubleVerify

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after buying an additional 981 shares during the period. Signaturefd LLC lifted its holdings in shares of DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after acquiring an additional 1,982 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after acquiring an additional 1,285 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of DoubleVerify during the 1st quarter valued at $40,000. Finally, Allianz SE acquired a new position in DoubleVerify in the 4th quarter worth $41,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

About DoubleVerify

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.