DoubleVerify (NYSE:DV) Shares Down 2.7% on Analyst Downgrade

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) traded down 2.7% during mid-day trading on Monday after Morgan Stanley lowered their price target on the stock from $18.50 to $17.00. Morgan Stanley currently has an equal weight rating on the stock. DoubleVerify traded as low as $12.20 and last traded at $12.23. 498,240 shares traded hands during trading, a decline of 79% from the average session volume of 2,419,073 shares. The stock had previously closed at $12.57.

Several other equities research analysts have also weighed in on the company. Robert W. Baird reissued a "neutral" rating and issued a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Cannonball Research downgraded shares of DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. Raymond James began coverage on DoubleVerify in a report on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price target for the company. Finally, Loop Capital cut DoubleVerify from a "buy" rating to a "hold" rating and reduced their price target for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $21.38.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the transaction, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company's stock.

Institutional Investors 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 boosted its holdings in DoubleVerify by 168.0% in the fourth 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 in the last quarter. Quadrant Capital Group LLC boosted its holdings in DoubleVerify by 171.6% in the fourth 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 in the last quarter. GAMMA Investing LLC lifted its position in DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after acquiring an additional 863 shares in the last quarter. Allianz SE purchased a new stake in DoubleVerify during the 4th quarter valued at $41,000. Finally, Versant Capital Management Inc bought a new stake in DoubleVerify in the 1st quarter worth about $40,000. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Up 3.3 %

The firm's fifty day moving average price is $15.72 and its two-hundred day moving average price is $18.08. The stock has a market capitalization of $2.07 billion, a PE ratio of 33.69, a PEG 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.