Analysts Set DoubleVerify Holdings, Inc. (NYSE:DV) Target Price at $35.05

Shares of DoubleVerify Holdings, Inc. (NYSE:DVGet Free Report) have been assigned an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.05.

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their price target on DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. JMP Securities decreased their price objective on shares of DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 8th. Macquarie raised shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, March 11th. Barclays decreased their price target on DoubleVerify from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, TheStreet raised DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th.

Read Our Latest Research Report on DoubleVerify

DoubleVerify Stock Performance

NYSE:DV opened at $18.66 on Tuesday. The stock has a 50 day moving average price of $28.88 and a 200 day moving average price of $33.53. The stock has a market cap of $3.20 billion, a PE ratio of 49.09, a P/E/G ratio of 2.72 and a beta of 1.11. DoubleVerify has a one year low of $17.74 and a one year high of $43.00.

DoubleVerify (NYSE:DVGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The firm had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $138.25 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts predict that DoubleVerify will post 0.33 earnings per share for the current fiscal year.

DoubleVerify declared that its board has initiated a stock buyback program on Thursday, May 16th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Andrew E. Grimmig sold 50,924 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the sale, the insider now owns 39,468 shares in the company, valued at approximately $1,322,572.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the transaction, the insider now owns 39,468 shares of the company’s stock, valued at $1,322,572.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total value of $27,900.00. Following the completion of the sale, the insider now directly owns 145,944 shares of the company’s stock, valued at $4,524,264. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,431 shares of company stock worth $3,070,904. 3.00% of the stock is currently owned by insiders.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently bought and sold shares of DV. Shaker Investments LLC OH grew its stake in shares of DoubleVerify by 0.4% in the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock valued at $2,793,000 after purchasing an additional 280 shares during the last quarter. Huntington National Bank lifted its holdings in shares of DoubleVerify by 41.6% during the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares during the period. Signaturefd LLC grew its position in DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after buying an additional 498 shares during the last quarter. 1492 Capital Management LLC increased its stake in DoubleVerify by 1.0% in the 4th quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock valued at $2,074,000 after buying an additional 553 shares during the period. Finally, Arizona State Retirement System raised its position in DoubleVerify by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 30,776 shares of the company’s stock worth $860,000 after buying an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About DoubleVerify

(Get Free Report

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.

Further Reading

Analyst Recommendations for DoubleVerify (NYSE:DV)

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