DoubleVerify (NYSE:DV - Get Free Report) had its price objective hoisted by Morgan Stanley from $17.00 to $18.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price points to a potential upside of 12.54% from the company's current price.
A number of other equities analysts also recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $18.00 target price on shares of DoubleVerify in a research note on Thursday, June 12th. Raymond James Financial cut their target price on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. JMP Securities restated a "market outperform" rating and issued a $20.00 target price on shares of DoubleVerify in a research note on Thursday, June 12th. Craig Hallum restated a "buy" rating and issued a $20.00 target price on shares of DoubleVerify in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. upgraded DoubleVerify from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $18.00 to $19.00 in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.13.
View Our Latest Stock Report on DoubleVerify
DoubleVerify Trading Up 3.3%
DV traded up $0.52 during midday trading on Wednesday, hitting $16.00. 3,336,014 shares of the company were exchanged, compared to its average volume of 2,453,151. The firm has a market capitalization of $2.60 billion, a P/E ratio of 57.13, a P/E/G ratio of 2.34 and a beta of 1.05. DoubleVerify has a 1-year low of $11.52 and a 1-year high of $23.11. The firm's 50 day moving average price is $14.95 and its 200-day moving average price is $15.66. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.01.
DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The business had revenue of $189.02 million during the quarter, compared to the consensus estimate of $171.14 million. During the same period last year, the business posted $0.04 earnings per share. The business's revenue was up 21.3% on a year-over-year basis. As a group, equities analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.
Institutional Trading of DoubleVerify
Several hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its position in shares of DoubleVerify by 15.3% during the fourth quarter. LPL Financial LLC now owns 31,123 shares of the company's stock worth $598,000 after acquiring an additional 4,123 shares during the period. JPMorgan Chase & Co. increased its holdings in DoubleVerify by 9.8% in the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock valued at $13,609,000 after buying an additional 63,196 shares in the last quarter. Wellington Management Group LLP increased its holdings in DoubleVerify by 13.4% in the fourth quarter. Wellington Management Group LLP now owns 415,337 shares of the company's stock valued at $7,979,000 after buying an additional 49,078 shares in the last quarter. Alliancebernstein L.P. increased its holdings in DoubleVerify by 25.1% in the fourth quarter. Alliancebernstein L.P. now owns 154,160 shares of the company's stock valued at $2,961,000 after buying an additional 30,948 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in DoubleVerify by 6.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 675,275 shares of the company's stock valued at $12,972,000 after buying an additional 41,022 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.
DoubleVerify Company Profile
(
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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.
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