Needham & Company LLC reiterated their buy rating on shares of DoubleVerify (NYSE:DV - Free Report) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $18.00 target price on the stock.
Several other analysts have also recently issued reports on DV. Barclays dropped their target price on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group dropped their target price on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Robert W. Baird reaffirmed a "neutral" rating and set a $14.00 target price (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Stifel Nicolaus dropped their target price on DoubleVerify from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.86.
Check Out Our Latest Research Report on DoubleVerify
DoubleVerify Price Performance
Shares of DV traded down $0.05 during mid-day trading on Thursday, reaching $14.90. 3,256,134 shares of the company's stock traded hands, compared to its average volume of 2,372,858. The stock has a market cap of $2.42 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.63 and a beta of 1.03. The stock's 50-day moving average is $13.46 and its two-hundred day moving average is $16.98. DoubleVerify has a 12 month low of $11.52 and a 12 month high of $23.11.
DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The firm had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. During the same period last year, the company earned $0.04 EPS. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. Research analysts predict that DoubleVerify will post 0.36 earnings per share for the current year.
Hedge Funds Weigh In On DoubleVerify
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after acquiring an additional 981 shares during the last quarter. Quadrant Capital Group LLC raised 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 acquiring an additional 1,285 shares during the last quarter. Allianz SE purchased a new position in DoubleVerify in the 4th quarter worth $41,000. Signaturefd LLC grew its position in DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after purchasing an additional 1,982 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in DoubleVerify during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 97.29% of the company's stock.
About DoubleVerify
(
Get Free Report)
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.
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