DoubleVerify’s (DV) Buy Rating Reiterated at Needham & Company LLC

DoubleVerify (NYSE:DV)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report released on Tuesday,Benzinga reports. They currently have a $22.00 target price on the stock. Needham & Company LLC’s price target would indicate a potential upside of 64.67% from the stock’s current price.

Other research analysts have also issued reports about the stock. Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Baird R W lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Royal Bank of Canada increased their price target on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Scotiabank began coverage on DoubleVerify in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of DoubleVerify in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.00.

DoubleVerify Price Performance

DoubleVerify stock opened at $13.36 on Tuesday. DoubleVerify has a 12 month low of $12.81 and a 12 month high of $34.39. The company has a fifty day moving average price of $18.15 and a two-hundred day moving average price of $18.56. The company has a market cap of $2.22 billion, a PE ratio of 36.11, a P/E/G ratio of 2.63 and a beta of 1.06.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the business’s 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 sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds have recently made changes to their positions in DV. True Wealth Design LLC acquired a new stake in DoubleVerify during the third 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 buying an additional 981 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 863 shares during the last quarter. Quadrant Capital Group LLC boosted its stake 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 worth $39,000 after acquiring an additional 1,285 shares in the last quarter. Finally, Allianz SE acquired a new position in shares of DoubleVerify in the 4th quarter worth $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.