KeyCorp Cuts DoubleVerify (NYSE:DV) Price Target to $39.00

DoubleVerify (NYSE:DV - Get Free Report) had its price objective dropped by investment analysts at KeyCorp from $45.00 to $39.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's target price indicates a potential upside of 25.73% from the company's current price.

DV has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price target on shares of DoubleVerify from $32.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, February 29th. Royal Bank of Canada boosted their price target on shares of DoubleVerify from $40.00 to $49.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Barclays lowered their price objective on shares of DoubleVerify from $43.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 29th. TheStreet raised DoubleVerify from a "d+" rating to a "c-" rating in a research report on Thursday, February 29th. Finally, Wells Fargo & Company lowered their price target on DoubleVerify from $44.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.00.

DoubleVerify Price Performance

NYSE DV traded up $0.65 during mid-day trading on Monday, hitting $31.02. The stock had a trading volume of 1,251,922 shares, compared to its average volume of 1,795,353. The firm's 50 day moving average is $32.50 and its 200 day moving average is $34.31. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 75.29, a PEG ratio of 3.24 and a beta of 1.11. DoubleVerify has a twelve month low of $26.23 and a twelve month high of $43.00.

DoubleVerify (NYSE:DV - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $172.23 million during the quarter, compared to analysts' expectations of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. As a group, equities research analysts expect that DoubleVerify will post 0.36 earnings per share for the current year.

Insider Activity

In other news, insider Julie Eddleman sold 900 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the transaction, the insider now directly owns 137,668 shares of the company's stock, valued at approximately $4,171,340.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Julie Eddleman sold 900 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares in the company, valued at approximately $4,171,340.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew E. Grimmig sold 50,924 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the transaction, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,531 shares of company stock worth $3,043,004. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DV. Motley Fool Asset Management LLC purchased a new position in DoubleVerify during the 4th quarter worth $962,000. Envestnet Asset Management Inc. lifted its stake in shares of DoubleVerify by 40.2% in the third quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company's stock valued at $5,388,000 after purchasing an additional 55,322 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of DoubleVerify by 135.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 58,160 shares of the company's stock worth $1,625,000 after acquiring an additional 33,499 shares in the last quarter. California Public Employees Retirement System boosted its position in DoubleVerify by 24.7% during the fourth quarter. California Public Employees Retirement System now owns 222,351 shares of the company's stock worth $8,178,000 after purchasing an additional 44,106 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in DoubleVerify in the fourth quarter valued at $1,590,000. 97.29% of the stock is currently 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.