DoubleVerify (NYSE:DV) PT Lowered to $34.00 at JMP Securities

DoubleVerify (NYSE:DV) had its target price lowered by JMP Securities from $40.00 to $34.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has a market outperform rating on the stock.

A number of other analysts have also weighed in on the stock. Bank of America lowered their price objective on shares of DoubleVerify from $47.00 to $45.00 and set a buy rating for the company in a research note on Thursday, February 29th. Stifel Nicolaus reduced their price target on DoubleVerify from $37.00 to $25.00 and set a buy rating for the company in a research report on Wednesday. Robert W. Baird cut their price objective on shares of DoubleVerify from $42.00 to $34.00 and set an outperform rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their target price on shares of DoubleVerify from $44.00 to $41.00 and set an overweight rating for the company in a research report on Friday, March 1st. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a $42.00 price target (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, DoubleVerify currently has an average rating of Moderate Buy and an average target price of $35.05.

DoubleVerify Stock Performance

DoubleVerify stock traded up $0.06 during mid-day trading on Wednesday, hitting $18.84. The company’s stock had a trading volume of 7,987,461 shares, compared to its average volume of 2,103,979. DoubleVerify has a one year low of $17.74 and a one year high of $43.00. The stock has a market cap of $3.24 billion, a PE ratio of 45.39, a P/E/G ratio of 3.24 and a beta of 1.11. The company has a 50 day moving average of $31.65 and a 200-day moving average of $34.25.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.25 million. During the same quarter last year, the business posted $0.07 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Transactions at DoubleVerify

In related news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other DoubleVerify news, CFO Nicola T. Allais sold 5,292 shares of DoubleVerify stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.45, for a total transaction of $177,017.40. Following the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at approximately $2,442,853.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the sale, the insider now directly owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The disclosure for this sale can be found here. Insiders sold a total of 92,431 shares of company stock valued at $3,070,904 in the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of DoubleVerify

Hedge funds have recently bought and sold shares of the business. Congress Asset Management Co. MA increased its position in DoubleVerify by 813.2% during the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after purchasing an additional 3,577,575 shares during the last quarter. Vanguard Group Inc. raised its position in DoubleVerify by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after purchasing an additional 2,017,687 shares during the period. Norges Bank purchased a new position in shares of DoubleVerify during the 4th quarter worth $58,477,000. Brown Capital Management LLC increased its position in shares of DoubleVerify by 128.1% during the 4th quarter. Brown Capital Management LLC now owns 2,236,450 shares of the company’s stock worth $82,257,000 after purchasing an additional 1,256,195 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in DoubleVerify by 39.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock valued at $107,076,000 after buying an additional 1,082,615 shares during the period. 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.