JPMorgan Chase & Co. Has Lowered Expectations for DoubleVerify (NYSE:DV) Stock Price

DoubleVerify (NYSE:DV) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $19.00 to $17.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 56.39% from the company’s current price.

A number of other equities research analysts have also issued reports on DV. Scotiabank reiterated an “outperform” rating on shares of DoubleVerify in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and issued a $13.50 price target on shares of DoubleVerify in a report on Tuesday, October 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price objective on shares of DoubleVerify in a research report on Tuesday, September 2nd. Royal Bank Of Canada reduced their target price on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Needham & Company LLC decreased their target price on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Monday. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.38.

DoubleVerify Stock Performance

NYSE:DV opened at $10.87 on Monday. The firm’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $13.85. The company has a current ratio of 3.98, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. DoubleVerify has a twelve month low of $7.64 and a twelve month high of $23.11. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 43.48, a PEG ratio of 1.59 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoubleVerify news, Director Lucy Stamell Dobrin sold 6,392 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider directly owned 96,301 shares of the company’s stock, valued at $1,250,949.99. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,488 shares of company stock worth $157,255 over the last quarter. 3.00% of the stock is currently owned by insiders.

Institutional Trading of DoubleVerify

Several hedge funds and other institutional investors have recently bought and sold shares of DV. Gagnon Securities LLC boosted its stake in DoubleVerify by 280.9% during the 2nd quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock valued at $5,464,000 after purchasing an additional 269,170 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of DoubleVerify by 99.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock valued at $22,417,000 after buying an additional 747,252 shares during the last quarter. ING Groep NV raised its holdings in shares of DoubleVerify by 32.9% during the first quarter. ING Groep NV now owns 503,900 shares of the company’s stock valued at $6,737,000 after buying an additional 124,800 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of DoubleVerify by 5.6% during the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock worth $246,891,000 after buying an additional 984,779 shares during the period. Finally, Northern Trust Corp boosted its position in shares of DoubleVerify by 3.2% during the first quarter. Northern Trust Corp now owns 1,153,839 shares of the company’s stock worth $15,427,000 after buying an additional 36,009 shares during the period. 97.29% of the stock is owned by 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.