DoubleVerify (NYSE:DV) Price Target Lowered to $24.00 at Canaccord Genuity Group

DoubleVerify (NYSE:DV - Free Report) had its price target lowered by Canaccord Genuity Group from $26.00 to $24.00 in a report issued on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of DoubleVerify in a research report on Wednesday, April 16th. Raymond James assumed coverage on DoubleVerify in a research note on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price objective on the stock. Finally, JMP Securities reiterated a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.98.

DoubleVerify Stock Performance

NYSE:DV traded up $0.21 during trading on Thursday, reaching $12.42. The company's stock had a trading volume of 483,229 shares, compared to its average volume of 2,431,756. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. DoubleVerify has a 12 month low of $11.52 and a 12 month high of $31.15. The firm has a 50 day moving average of $15.51 and a 200-day moving average of $18.07.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,220 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position 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 worth $30,000 after purchasing an additional 981 shares during the period. GAMMA Investing LLC boosted its holdings in DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after buying an additional 863 shares during the period. Quadrant Capital Group LLC increased its stake in DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after buying an additional 1,285 shares in the last quarter. Versant Capital Management Inc bought a new stake in DoubleVerify during the first quarter valued at about $40,000. Finally, Allianz SE purchased a new position in shares of DoubleVerify in the fourth quarter valued at about $41,000. Institutional investors 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.