Analysts Set DoubleVerify Holdings, Inc. (NYSE:DV) Target Price at $24.00

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.00.

Several research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a report on Wednesday, December 11th. BMO Capital Markets lowered their price target on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Canaccord Genuity Group lowered their price objective on DoubleVerify from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley reduced their target price on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total transaction of $35,809.20. Following the transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,656,439.40. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by company insiders.

Institutional Trading of DoubleVerify

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in shares of DoubleVerify during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after acquiring an additional 863 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of DoubleVerify during the 3rd quarter valued at $49,000. KBC Group NV raised its position in shares of DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after acquiring an additional 1,325 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of DoubleVerify in the 4th quarter valued at $113,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Trading Up 0.1 %

Shares of DoubleVerify stock opened at $20.62 on Friday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 55.73, a PEG ratio of 2.41 and a beta of 0.98. DoubleVerify has a 1 year low of $16.11 and a 1 year high of $43.00. The company’s fifty day simple moving average is $19.97 and its 200-day simple moving average is $19.02.

DoubleVerify announced that its board has authorized a stock repurchase plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.