Brokerages Set DoubleVerify Holdings, Inc. (NYSE:DV) Target Price at $22.00

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-four ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $21.58.

A number of research firms recently commented on DV. Barclays decreased their price objective on shares of DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price target on shares of DoubleVerify in a report on Wednesday. Canaccord Genuity Group decreased their price objective on DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group decreased their price target on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday. Finally, Bank of America upgraded shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company'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 completion of 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 represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its position in shares of DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after purchasing an additional 1,285 shares during the period. Versant Capital Management Inc purchased a new position in DoubleVerify in the 1st quarter worth about $40,000. Finally, Allianz SE purchased a new stake in DoubleVerify during the fourth quarter valued at about $41,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Down 0.7 %

NYSE:DV traded down $0.09 during midday trading on Friday, reaching $12.12. The stock had a trading volume of 46,807 shares, compared to its average volume of 2,312,265. The firm has a fifty day simple moving average of $16.30 and a two-hundred day simple moving average of $18.19. DoubleVerify has a 12-month low of $11.52 and a 12-month high of $31.15. The stock has a market cap of $2.01 billion, a P/E ratio of 32.84, a P/E/G ratio of 2.63 and a beta of 1.04.

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.