DoubleVerify (NYSE:DV) Price Target Raised to $18.00

DoubleVerify (NYSE:DV - Get Free Report) had its price objective raised by research analysts at Stifel Nicolaus from $17.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 20.81% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Baird R W lowered shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Loop Capital cut shares of DoubleVerify from a "buy" rating to a "hold" rating and lowered their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Morgan Stanley cut their price target on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group lowered their price objective on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.86.

DoubleVerify Stock Down 0.3%

DV stock traded down $0.05 during midday 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 company has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $16.98. DoubleVerify has a 1-year low of $11.52 and a 1-year high of $23.11. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $153.07 million. During the same quarter last year, the company posted $0.04 EPS. DoubleVerify's revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts forecast that DoubleVerify will post 0.36 EPS for the current year.

Institutional Trading of DoubleVerify

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in DoubleVerify by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company's stock worth $246,891,000 after purchasing an additional 984,779 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of DoubleVerify by 1.6% during the first quarter. Mackenzie Financial Corp now owns 5,752,688 shares of the company's stock worth $76,913,000 after buying an additional 91,405 shares during the period. Burgundy Asset Management Ltd. raised its stake in DoubleVerify by 6.5% during the first quarter. Burgundy Asset Management Ltd. now owns 5,225,968 shares of the company's stock worth $69,871,000 after buying an additional 319,055 shares during the last quarter. AQR Capital Management LLC lifted its holdings in DoubleVerify by 29.5% in the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock valued at $50,002,000 after buying an additional 592,435 shares during the period. Finally, Geneva Capital Management LLC lifted its holdings in DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after buying an additional 19,684 shares during the period. 97.29% of the stock is currently owned by institutional investors.

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.