DoubleVerify (NYSE:DV) Price Target Cut to $16.00 by Analysts at Barclays

DoubleVerify (NYSE:DV - Get Free Report) had its price target decreased by analysts at Barclays from $24.00 to $16.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 20.57% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group decreased their price target on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada raised their target price on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Morgan Stanley cut their price target on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a research note on Wednesday, April 16th. Finally, Baird R W downgraded shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. One 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 company presently has an average rating of "Hold" and an average target price of $20.83.

DoubleVerify Trading Up 0.8 %

DV stock traded up $0.10 on Monday, hitting $13.27. 1,267,372 shares of the company's stock traded hands, compared to its average volume of 2,437,414. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify has a 1-year low of $11.52 and a 1-year high of $31.11. The stock has a fifty day moving average of $14.71 and a 200-day moving average of $17.94.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. boosted its position in shares of DoubleVerify by 36.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock valued at $1,092,000 after acquiring an additional 21,829 shares during the period. Lumbard & Kellner LLC boosted its holdings in DoubleVerify by 56.9% in the 1st quarter. Lumbard & Kellner LLC now owns 247,150 shares of the company's stock valued at $3,304,000 after purchasing an additional 89,599 shares during the period. Johnson Investment Counsel Inc. grew its position in DoubleVerify by 6.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 69,700 shares of the company's stock worth $932,000 after purchasing an additional 4,300 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of DoubleVerify during the 1st quarter worth about $704,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of DoubleVerify by 68.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 97,140 shares of the company's stock valued at $1,299,000 after buying an additional 39,368 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.