DoubleVerify (NYSE:DV) Receives “Neutral” Rating from Robert W. Baird

DoubleVerify (NYSE:DV)‘s stock had its “neutral” rating reaffirmed by research analysts at Robert W. Baird in a research report issued on Friday, MarketBeat.com reports. They currently have a $14.00 price target on the stock, down from their prior price target of $20.00. Robert W. Baird’s price target points to a potential upside of 5.07% from the company’s previous close.

DV has been the subject of a number of other research reports. Bank of America raised shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a research report on Wednesday, December 11th. Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their target price for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. Finally, Canaccord Genuity Group dropped their price objective on DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.00.

DoubleVerify Trading Down 4.8 %

Shares of DV stock 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 has a market cap of $2.21 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.63 and a beta of 1.06. The stock has a 50-day moving average of $18.53 and a 200-day moving average of $18.65.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 transaction, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoubleVerify

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of DoubleVerify by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock valued at $335,816,000 after purchasing an additional 143,773 shares during the last quarter. Mackenzie Financial Corp increased its stake in DoubleVerify by 20.1% in the 4th 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 during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of DoubleVerify by 73.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock worth $94,262,000 after buying an additional 2,073,279 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock worth $50,002,000 after buying an additional 592,435 shares during the last quarter. Finally, Geneva Capital Management LLC grew its holdings in shares of DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after acquiring an additional 19,684 shares in the last quarter. 97.29% of the stock is currently owned by 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.