Royal Bank Of Canada Lowers DoubleVerify (NYSE:DV) Price Target to $20.00

DoubleVerify (NYSE:DV) had its price objective reduced by stock analysts at Royal Bank Of Canada from $23.00 to $20.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 83.99% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company reduced their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 21st. Morgan Stanley cut their target price on DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating for the company in a research note on Monday, October 20th. BMO Capital Markets reissued an “outperform” rating and set a $27.00 price target (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised shares of DoubleVerify from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $19.00 in a report on Friday, August 1st. Finally, Barclays lifted their target price on shares of DoubleVerify from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Twelve equities 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.38.

DoubleVerify Price Performance

DoubleVerify stock opened at $10.87 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 3.98. The company’s fifty day moving average price is $12.05 and its 200 day moving average price is $13.85. The stock has a market capitalization of $1.75 billion, a P/E ratio of 43.48, a P/E/G ratio of 1.59 and a beta of 0.98. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping 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 company had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. During the same period in the previous year, the business earned $0.10 EPS. DoubleVerify’s quarterly revenue was up 11.2% on a year-over-year basis. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, Director Lucy Stamell Dobrin sold 6,392 shares of the company’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 SEC, which is available at the SEC website. Also, insider Andrew E. Grimmig sold 4,096 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total value of $53,207.04. Following the completion of the sale, the insider directly owned 96,301 shares in the company, valued at $1,250,949.99. This represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,488 shares of company stock valued at $157,255 over the last three months. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new stake in shares of DoubleVerify in the 1st quarter valued at approximately $281,000. M&T Bank Corp acquired a new position in shares of DoubleVerify during the first quarter worth $175,000. New York State Common Retirement Fund increased its holdings in DoubleVerify by 38.0% in the first quarter. New York State Common Retirement Fund now owns 699,119 shares of the company’s stock valued at $9,347,000 after buying an additional 192,692 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in DoubleVerify by 11.8% during the 1st quarter. Edgestream Partners L.P. now owns 146,222 shares of the company’s stock worth $1,955,000 after buying an additional 15,407 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock worth $31,000 after acquiring an additional 1,982 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.