Morgan Stanley Issues Pessimistic Forecast for DoubleVerify (NYSE:DV) Stock Price

DoubleVerify (NYSE:DV) had its price objective cut by research analysts at Morgan Stanley from $16.50 to $15.00 in a research note issued on Monday, MarketBeat.com reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 37.99% from the stock’s previous close.

DV has been the subject of a number of other research reports. Wells Fargo & Company decreased their target price on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Barclays lifted their price target on shares of DoubleVerify from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Needham & Company LLC dropped their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank reissued an “outperform” rating on shares of DoubleVerify in a research note on Monday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Hold” and a consensus price target of $16.38.

DoubleVerify Trading Up 4.7%

DV stock opened at $10.87 on Monday. The company has a quick ratio of 4.41, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 43.48, a PEG ratio of 1.59 and a beta of 0.98. The business has a fifty day simple moving average of $12.05 and a 200-day simple moving average of $13.85. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $23.11.

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

Insider Activity

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew E. Grimmig sold 4,096 shares of DoubleVerify stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the sale, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,488 shares of company stock valued at $157,255 over the last 90 days. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On DoubleVerify

Institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC grew its position in shares of DoubleVerify by 210.0% during the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after buying an additional 1,392 shares in the last quarter. Signaturefd LLC boosted its stake in 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 during the last quarter. Parallel Advisors LLC boosted its stake in DoubleVerify by 572.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after acquiring an additional 2,031 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in DoubleVerify during the 2nd quarter worth $42,000. Finally, Farther Finance Advisors LLC increased its position in shares of DoubleVerify by 3,035.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after purchasing an additional 3,066 shares during the last quarter. 97.29% of the stock is currently 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.