DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been assigned an average rating of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.00.

Several brokerages recently issued reports on DV. Barclays reduced their price objective on shares of DoubleVerify from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Scotiabank began coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective on the stock. Truist Financial reduced their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Raymond James began coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

DoubleVerify Stock Performance

Shares of DV opened at $21.56 on Thursday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 58.27, a PEG ratio of 2.63 and a beta of 0.99. The company’s 50 day simple moving average is $20.62 and its 200 day simple moving average is $19.30. DoubleVerify has a 1 year low of $16.11 and a 1 year high of $42.75.

DoubleVerify announced that its board has initiated a stock repurchase program on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

Several large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after purchasing an additional 981 shares in the last quarter. True Wealth Design LLC acquired a new stake in DoubleVerify during the 3rd quarter valued at $29,000. Quadrant Capital Group LLC grew its holdings in DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after purchasing an additional 1,285 shares in the last quarter. 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 valued at $39,000 after purchasing an additional 863 shares in the last quarter. Finally, Allianz SE acquired a new stake in DoubleVerify during the 4th quarter valued at $41,000. Institutional investors and hedge funds 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.