DoubleVerify (NYSE:DV) Earns "Buy" Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of DoubleVerify (NYSE:DV - Free Report) in a report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a $18.00 price target on the stock.

DV has been the topic of a number of other reports. The Goldman Sachs Group lowered their price target on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Barclays reduced their target price on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Raymond James assumed coverage on shares of DoubleVerify in a research report on Wednesday, December 18th. They set an "outperform" rating and a $25.00 price objective for the company. Finally, Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.98.

DoubleVerify Stock Performance

DoubleVerify stock traded down $0.31 during midday trading on Wednesday, hitting $12.17. 395,853 shares of the company were exchanged, compared to its average volume of 2,430,343. DoubleVerify has a fifty-two week low of $11.52 and a fifty-two week high of $31.15. The firm has a market capitalization of $1.98 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The business has a fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $18.10.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction 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 sale, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently modified their holdings of DV. Smartleaf Asset Management LLC increased its position in shares of DoubleVerify by 168.0% during 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 during the last quarter. Quadrant Capital Group LLC boosted its position in shares of 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 during the period. GAMMA Investing LLC increased its holdings 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 purchasing an additional 863 shares during the last quarter. Allianz SE acquired a new position in DoubleVerify during the fourth quarter worth $41,000. Finally, Versant Capital Management Inc acquired a new position in DoubleVerify during the first quarter worth $40,000. 97.29% of the stock is owned by institutional investors and hedge funds.

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.