Analysts Set DoubleVerify Holdings, Inc. (NYSE:DV) Target Price at $22.00

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given a consensus rating of “Hold” by the twenty-four research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.00.

Several analysts recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Stifel Nicolaus set a $20.00 target price on DoubleVerify in a research note on Friday, February 28th. Morgan Stanley lowered their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada upped their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a research note on Tuesday, April 1st.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On DoubleVerify

Institutional investors have recently bought and sold shares of the stock. Geneva Capital Management LLC grew its holdings in DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after purchasing an additional 19,684 shares during the period. Neo Ivy Capital Management purchased a new position in shares of DoubleVerify during the 3rd quarter valued at about $794,000. Norges Bank purchased a new position in shares of DoubleVerify during the 4th quarter valued at about $33,957,000. Geode Capital Management LLC grew its stake in shares of DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock valued at $38,729,000 after acquiring an additional 10,696 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in DoubleVerify by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company’s stock worth $18,694,000 after acquiring an additional 71,000 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Price Performance

NYSE:DV opened at $12.57 on Friday. DoubleVerify has a one year low of $11.52 and a one year high of $32.44. The company’s 50-day simple moving average is $16.69 and its 200 day simple moving average is $18.26. The firm has a market capitalization of $2.09 billion, a P/E ratio of 33.98, a PEG ratio of 2.63 and a beta of 1.04.

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.