DoubleVerify (NYSE:DV – Free Report) had its price target hoisted by Stifel Nicolaus from $17.00 to $18.00 in a research report released on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.
Other research analysts also recently issued research reports about the stock. Robert W. Baird reiterated a “neutral” rating and set a $14.00 price target (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Baird R W downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Royal Bank of Canada dropped their price target on DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Raymond James lowered their price objective on DoubleVerify from $22.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Finally, Morgan Stanley decreased their price target on DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.86.
View Our Latest Research Report on DV
DoubleVerify Stock Performance
DoubleVerify (NYSE:DV – Get Free Report) last issued 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 firm had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, analysts forecast that DoubleVerify will post 0.36 EPS for the current year.
Institutional Investors Weigh In On DoubleVerify
Several hedge funds and other institutional investors have recently modified their holdings of the company. Burgundy Asset Management Ltd. boosted its position in shares of DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock valued at $94,262,000 after buying an additional 2,073,279 shares during the last quarter. Norges Bank bought a new stake in shares of DoubleVerify during the 4th quarter valued at $33,957,000. Sunriver Management LLC bought a new stake in shares of DoubleVerify during the 1st quarter valued at $22,485,000. Federated Hermes Inc. raised its stake in shares of DoubleVerify by 17,284.0% during the 1st quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company’s stock valued at $22,245,000 after purchasing an additional 1,654,250 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of DoubleVerify during the 4th quarter valued at $31,579,000. Institutional investors own 97.29% of the company’s stock.
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.
See Also
- Five stocks we like better than DoubleVerify
- How to Profit From Growth Investing
- Ignore the Noise—Samsara Stock Is Still a Strong Buy
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- 3 Stocks Set to Double—And There’s Still Time to Buy
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Analysts Can’t Get Enough of These Little-Known Biopharma Stocks
Receive News & Ratings for DoubleVerify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleVerify and related companies with MarketBeat.com's FREE daily email newsletter.