DoubleVerify (NYSE:DV) PT Lowered to $26.00 at Truist Financial

DoubleVerify (NYSE:DV) had its price target reduced by Truist Financial from $32.00 to $26.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on DV. Needham & Company LLC restated a buy rating and set a $33.00 price objective on shares of DoubleVerify in a research report on Tuesday. Barclays dropped their price target on shares of DoubleVerify from $30.00 to $27.00 and set an overweight rating on the stock in a research note on Tuesday, July 16th. Royal Bank of Canada restated an outperform rating and issued a $40.00 price objective on shares of DoubleVerify in a research report on Friday, June 14th. The Goldman Sachs Group reiterated a buy rating and set a $28.00 target price on shares of DoubleVerify in a research report on Friday, September 13th. Finally, Macquarie reissued an outperform rating and issued a $25.00 price target on shares of DoubleVerify in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $31.18.

DoubleVerify Stock Down 0.1 %

NYSE DV opened at $17.21 on Wednesday. The firm has a market cap of $2.96 billion, a P/E ratio of 45.11, a P/E/G ratio of 2.40 and a beta of 0.92. DoubleVerify has a 52-week low of $16.93 and a 52-week high of $43.00. The business’s 50-day moving average price is $19.20 and its 200 day moving average price is $23.30.

DoubleVerify (NYSE:DV) last announced its earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company had revenue of $155.89 million for the quarter, compared to the consensus estimate of $153.78 million. During the same period last year, the business posted $0.07 EPS. The company’s revenue was up 16.6% on a year-over-year basis. As a group, analysts anticipate that DoubleVerify will post 0.3 earnings per share for the current year.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $19.25, for a total transaction of $33,957.00. Following the completion of the transaction, the chief financial officer now directly owns 77,314 shares in the company, valued at approximately $1,488,294.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 5,292 shares of company stock valued at $104,835 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoubleVerify

A number of large investors have recently bought and sold shares of DV. 1492 Capital Management LLC raised its holdings in shares of DoubleVerify by 1.0% in the fourth quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after acquiring an additional 553 shares during the last quarter. Quadrant Capital Group LLC increased its position in DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares in the last quarter. United Services Automobile Association raised its stake in DoubleVerify by 7.4% in the 2nd quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock valued at $210,000 after purchasing an additional 746 shares during the last quarter. Whittier Trust Co. purchased a new position in DoubleVerify in the 1st quarter valued at about $28,000. Finally, Insight Wealth Strategies LLC boosted its stake in shares of DoubleVerify by 1.3% during the 1st quarter. Insight Wealth Strategies LLC now owns 61,883 shares of the company’s stock worth $2,176,000 after purchasing an additional 810 shares during the last quarter. 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.