Stifel Nicolaus Lowers DoubleVerify (NYSE:DV) Price Target to $15.00

DoubleVerify (NYSE:DV) had its price target dropped by Stifel Nicolaus from $20.00 to $15.00 in a note issued to investors on Monday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 37.99% from the company’s previous close.

Several other equities analysts have also issued reports on DV. JPMorgan Chase & Co. raised DoubleVerify from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $19.00 in a research report on Friday, August 1st. JMP Securities reissued a “market outperform” rating and set a $20.00 price target on shares of DoubleVerify in a research report on Tuesday, September 2nd. Needham & Company LLC decreased their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and set a $13.50 target price on shares of DoubleVerify in a research note on Tuesday, October 14th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.38.

DoubleVerify Stock Performance

DoubleVerify stock opened at $10.87 on Monday. DoubleVerify has a twelve month low of $7.64 and a twelve month high of $23.11. 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 capitalization of $1.75 billion, a P/E ratio of 43.48, a PEG ratio of 1.59 and a beta of 0.98. The stock’s 50 day moving average is $12.05 and its 200 day moving average is $13.85.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data 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. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The business had revenue of $188.62 million during the quarter, compared to analysts’ expectations of $190.43 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. 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. On average, equities research analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In related news, Director Lucy Stamell Dobrin sold 6,392 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. This represents a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,488 shares of company stock valued at $157,255 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DV. Clearstead Advisors LLC raised its position in DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after acquiring an additional 1,392 shares during the period. JPMorgan Chase & Co. grew its position in shares of DoubleVerify by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 988,869 shares of the company’s stock valued at $11,847,000 after acquiring an additional 220,639 shares during the period. Public Sector Pension Investment Board grew its position in shares of DoubleVerify by 15.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 529,775 shares of the company’s stock valued at $6,347,000 after acquiring an additional 69,972 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in shares of DoubleVerify in the 3rd quarter worth $998,000. Finally, LSV Asset Management bought a new position in DoubleVerify in the 3rd quarter worth $210,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Company Profile

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.