DoubleVerify (NYSE:DV) Earns Neutral Rating from Robert W. Baird

DoubleVerify (NYSE:DV)‘s stock had its “neutral” rating restated by equities researchers at Robert W. Baird in a report released on Friday,Benzinga reports. They presently have a $14.00 target price on the stock, down from their previous target price of $20.00. Robert W. Baird’s price target points to a potential upside of 0.46% from the company’s current price.

Other research analysts have also issued reports about the company. Loop Capital lowered DoubleVerify from a “buy” rating to a “hold” rating and lowered their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Cannonball Research lowered DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a research report on Wednesday, December 11th. Royal Bank of Canada upped their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus set a $20.00 price target on DoubleVerify in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.00.

DoubleVerify Price Performance

DoubleVerify stock opened at $13.94 on Friday. DoubleVerify has a 12-month low of $13.42 and a 12-month high of $35.57. The stock has a market capitalization of $2.31 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The firm has a 50 day simple moving average of $18.65 and a 200-day simple moving average of $18.67.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of DoubleVerify

Hedge funds have recently modified their holdings of the company. True Wealth Design LLC bought a new stake in shares of DoubleVerify in the 3rd quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its holdings in shares of DoubleVerify by 168.0% in the fourth 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. GAMMA Investing LLC lifted its position 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 during the period. Quadrant Capital Group LLC raised its position in shares of 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 acquiring an additional 1,285 shares during the last quarter. Finally, Allianz SE acquired a new stake in shares of DoubleVerify in the 4th quarter valued at approximately $41,000. 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.