DoubleVerify Holdings, Inc. (NYSE:DV) Receives $23.00 Average Price Target from Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given a consensus recommendation of “Moderate Buy” by the twenty-three research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.00.

A number of research firms recently issued reports on DV. Raymond James began coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. Scotiabank began coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Bank of America raised shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a research note on Wednesday, December 11th.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently made changes to their positions in DV. True Wealth Design LLC bought a new stake in DoubleVerify during the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its stake in shares of DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC grew its position in shares of DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after acquiring an additional 863 shares during the period. Quadrant Capital Group LLC grew its position in shares of DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after acquiring an additional 1,285 shares during the period. Finally, Allianz SE purchased a new stake in shares of DoubleVerify in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

DV stock opened at $14.56 on Monday. DoubleVerify has a 1 year low of $13.42 and a 1 year high of $35.57. The company has a market cap of $2.42 billion, a P/E ratio of 39.34, a PEG ratio of 2.63 and a beta of 1.06. The firm has a 50-day moving average of $19.28 and a 200 day moving average of $18.88.

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.