Raymond James Lowers DoubleVerify (NYSE:DV) Price Target to $16.00

DoubleVerify (NYSE:DV - Get Free Report) had its price target cut by investment analysts at Raymond James from $22.00 to $16.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has an "outperform" rating on the stock. Raymond James' price objective suggests a potential upside of 20.12% from the company's previous close.

DV has been the subject of several other reports. Morgan Stanley dropped their target price on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of DoubleVerify in a research note on Wednesday, April 16th. Baird R W cut DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Royal Bank of Canada dropped their price objective on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, JMP Securities reissued a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $19.31.

DoubleVerify Stock Down 5.7 %

Shares of DoubleVerify stock traded down $0.81 on Monday, hitting $13.32. The stock had a trading volume of 5,394,289 shares, compared to its average volume of 2,370,787. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The business's 50 day moving average is $13.46 and its two-hundred day moving average is $17.69. DoubleVerify has a twelve month low of $11.52 and a twelve month high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share 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 business had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. During the same quarter last year, the firm earned $0.04 EPS. DoubleVerify's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Institutional investors have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. increased its stake in DoubleVerify by 73.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock valued at $94,262,000 after purchasing an additional 2,073,279 shares in the last quarter. Norges Bank bought a new position in DoubleVerify in the fourth quarter worth approximately $33,957,000. Federated Hermes Inc. grew its stake in DoubleVerify by 17,284.0% in the first quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company's stock valued at $22,245,000 after acquiring an additional 1,654,250 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $31,579,000. Finally, Alta Fox Capital Management LLC acquired a new stake in DoubleVerify in the 4th quarter valued at $24,267,000. 97.29% of the stock is owned by institutional investors and hedge funds.

About DoubleVerify

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.