DoubleVerify (NYSE:DV) Downgraded by Baird R W to Hold

DoubleVerify (NYSE:DV) was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Several other research analysts have also issued reports on DV. Morgan Stanley dropped their price objective on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Barclays cut their price target on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Scotiabank began coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective on the stock. Cannonball Research cut shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Finally, Robert W. Baird restated a “neutral” rating and set a $14.00 price target (down from $20.00) on shares of DoubleVerify in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.00.

DoubleVerify Trading Down 4.8 %

NYSE DV opened at $13.33 on Friday. DoubleVerify has a 1-year low of $13.14 and a 1-year high of $35.55. The stock’s 50 day moving average is $18.53 and its two-hundred day moving average is $18.65. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.63 and a beta of 1.06.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

A number of hedge funds have recently modified their holdings of DV. Wellington Management Group LLP raised its holdings in DoubleVerify by 13.4% in the fourth quarter. Wellington Management Group LLP now owns 415,337 shares of the company’s stock worth $7,979,000 after purchasing an additional 49,078 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in DoubleVerify by 106.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 57,772 shares of the company’s stock worth $1,110,000 after acquiring an additional 29,745 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of DoubleVerify during the fourth quarter worth about $6,422,000. Mackenzie Financial Corp lifted its stake in DoubleVerify by 20.1% in the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company’s stock valued at $108,753,000 after buying an additional 948,529 shares in the last quarter. Finally, Neo Ivy Capital Management boosted its holdings in shares of DoubleVerify by 271.0% in the fourth quarter. Neo Ivy Capital Management now owns 174,897 shares of the company’s stock valued at $3,359,000 after buying an additional 127,751 shares during the period. 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.