DoubleVerify (NYSE:DV) Price Target Lowered to $15.50 at The Goldman Sachs Group

DoubleVerify (NYSE:DV - Free Report) had its target price cut by The Goldman Sachs Group from $20.00 to $15.50 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also commented on DV. Robert W. Baird reaffirmed a "neutral" rating and issued a $14.00 price target (down from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price target on shares of DoubleVerify in a report on Tuesday, April 1st. Raymond James initiated coverage on DoubleVerify in a research report on Wednesday, December 18th. They set an "outperform" rating and a $25.00 target price for the company. Morgan Stanley lowered their price target on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, JMP Securities restated a "market outperform" rating and issued a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, DoubleVerify presently has a consensus rating of "Hold" and a consensus target price of $21.38.

DoubleVerify Stock Up 3.3 %

DoubleVerify stock traded up $0.40 during trading on Monday, hitting $12.47. The stock had a trading volume of 2,140,192 shares, compared to its average volume of 2,436,093. The stock's 50 day moving average is $15.72 and its two-hundred day moving average is $18.08. DoubleVerify has a 1 year low of $11.52 and a 1 year high of $31.15. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after buying an additional 981 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after acquiring an additional 863 shares during the period. Quadrant Capital Group LLC raised its position in shares of DoubleVerify by 171.6% in the 4th 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. Versant Capital Management Inc purchased a new position in shares of DoubleVerify in the 1st quarter valued at approximately $40,000. Finally, Allianz SE bought a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $41,000. 97.29% of the stock is currently owned by institutional investors.

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.