Wells Fargo & Company Issues Positive Forecast for DoubleVerify (NYSE:DV) Stock Price

DoubleVerify (NYSE:DV - Free Report) had its price target boosted by Wells Fargo & Company from $12.00 to $13.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

DV has been the topic of a number of other reports. Cannonball Research downgraded shares of DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Raymond James dropped their target price on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Loop Capital cut shares of DoubleVerify from a "buy" rating to a "hold" rating and lowered their price target for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Canaccord Genuity Group reduced their price objective on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Baird R W cut DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.86.

DoubleVerify Trading Down 0.3%

DoubleVerify stock traded down $0.05 during midday trading on Thursday, reaching $14.90. The stock had a trading volume of 3,256,134 shares, compared to its average volume of 2,372,858. The company has a fifty day moving average price of $13.46 and a two-hundred day moving average price of $16.98. DoubleVerify has a 12 month low of $11.52 and a 12 month high of $23.11. The company has a market capitalization of $2.42 billion, a P/E ratio of 40.27, a PEG ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The business had revenue of $165.06 million for the quarter, compared to analysts' expectations of $153.07 million. During the same period in the previous year, the business posted $0.04 earnings per share. The business's revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently bought and sold shares of DV. SG Americas Securities LLC purchased a new position in shares of DoubleVerify during the 4th quarter valued at $113,000. State of New Jersey Common Pension Fund D boosted its stake in DoubleVerify by 7.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 108,878 shares of the company's stock valued at $2,092,000 after buying an additional 7,208 shares during the period. New York State Common Retirement Fund grew its position in DoubleVerify by 14.8% during the fourth quarter. New York State Common Retirement Fund now owns 506,427 shares of the company's stock worth $9,728,000 after buying an additional 65,270 shares in the last quarter. Alberta Investment Management Corp bought a new position in DoubleVerify in the 4th quarter worth about $5,844,000. Finally, Ieq Capital LLC raised its holdings in shares of DoubleVerify by 725.7% in the 4th quarter. Ieq Capital LLC now owns 191,683 shares of the company's stock valued at $3,682,000 after acquiring an additional 168,468 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

About DoubleVerify

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.