DoubleVerify (NYSE:DV) Price Target Raised to $26.00 at BMO Capital Markets

DoubleVerify (NYSE:DV) had its target price lifted by BMO Capital Markets from $25.00 to $26.00 in a research note released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently issued reports on DV. Bank of America raised shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. JMP Securities restated a “market outperform” rating and set a $20.00 target price on shares of DoubleVerify in a research report on Thursday. Morgan Stanley decreased their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group reduced their price target on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, DoubleVerify presently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

DoubleVerify Trading Down 0.3%

DV stock opened at $14.90 on Thursday. The stock has a market capitalization of $2.42 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The stock’s 50 day simple moving average is $13.52 and its 200 day simple moving average is $16.94. DoubleVerify has a 12-month low of $11.52 and a 12-month high of $23.11.

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

Hedge Funds Weigh In On DoubleVerify

A number of hedge funds have recently made changes to their positions in DV. Federated Hermes Inc. raised its holdings in shares of DoubleVerify by 6.3% in the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company’s stock valued at $184,000 after purchasing an additional 571 shares in the last quarter. Woodline Partners LP increased its stake in shares of DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after acquiring an additional 762 shares during the period. Covestor Ltd increased its stake in shares of DoubleVerify by 13.9% during the first quarter. Covestor Ltd now owns 7,291 shares of the company’s stock worth $97,000 after acquiring an additional 889 shares during the period. Smartleaf Asset Management LLC boosted its holdings in DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after buying an additional 981 shares in the last quarter. Finally, Summit Creek Advisors LLC lifted its holdings in shares of DoubleVerify by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock valued at $7,080,000 after purchasing an additional 1,153 shares in the last quarter. Hedge funds and other 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.