Truist Financial Has Lowered Expectations for DoubleVerify (NYSE:DV) Stock Price

DoubleVerify (NYSE:DV) had its price target decreased by stock analysts at Truist Financial from $22.00 to $17.00 in a report issued on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 56.39% from the company’s current price.

Several other equities analysts have also commented on DV. Scotiabank reissued an “outperform” rating on shares of DoubleVerify in a report on Monday. Wells Fargo & Company dropped their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. The Goldman Sachs Group restated a “neutral” rating and set a $13.50 target price on shares of DoubleVerify in a research note on Tuesday, October 14th. Barclays boosted 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. Finally, Needham & Company LLC cut their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.38.

DoubleVerify Price Performance

Shares of NYSE DV opened at $10.87 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 4.41. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 43.48, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. The stock’s 50-day moving average is $12.05 and its two-hundred day moving average is $13.85. DoubleVerify has a 1-year low of $7.64 and a 1-year high of $23.11.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The business 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 business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Activity at DoubleVerify

In other news, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the transaction, the insider owned 96,301 shares of the company’s stock, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 11,488 shares of company stock valued at $157,255. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On DoubleVerify

Large investors have recently bought and sold shares of the company. Clearstead Advisors LLC boosted its holdings in shares of DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after acquiring an additional 1,392 shares in the last quarter. Signaturefd LLC lifted its position in DoubleVerify by 582.9% in the first quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after purchasing an additional 1,982 shares during the period. Parallel Advisors LLC boosted its holdings in DoubleVerify by 572.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after purchasing an additional 2,031 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in DoubleVerify during the second quarter worth $42,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

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.