DoubleVerify (NYSE:DV) Given New $26.00 Price Target at BMO Capital Markets

DoubleVerify (NYSE:DV - Free Report) had its price target boosted by BMO Capital Markets from $25.00 to $26.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently commented on DV. Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Stifel Nicolaus increased their target price on DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday. Robert W. Baird restated a "neutral" rating and set a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. 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. Finally, Morgan Stanley reduced their target price on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $18.86.

DoubleVerify Trading Down 0.3%

Shares of DV stock traded down $0.05 on Thursday, hitting $14.90. 3,256,134 shares of the stock were exchanged, compared to its average volume of 2,372,858. The business has a 50-day moving average of $13.52 and a 200 day moving average of $16.94. DoubleVerify has a fifty-two week low of $11.52 and a fifty-two week high of $23.11. The firm has a market capitalization of $2.42 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The company had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same period last year, the company posted $0.04 earnings per share. The business's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, research analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently modified their holdings of DV. Smartleaf Asset Management LLC raised its position in DoubleVerify by 168.0% during the 4th 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 last quarter. Signaturefd LLC increased its holdings 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 in the last quarter. Quadrant Capital Group LLC increased its holdings in DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after purchasing an additional 1,285 shares in the last quarter. Versant Capital Management Inc bought a new stake in DoubleVerify during the 1st quarter worth approximately $40,000. Finally, Allianz SE bought a new stake in DoubleVerify during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 97.29% of the company's stock.

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.