Needham & Company LLC Reiterates Buy Rating for DoubleVerify (NYSE:DV)

DoubleVerify (NYSE:DV)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They presently have a $22.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 64.67% from the company’s current price.

Other research analysts also recently issued reports about the company. Royal Bank of Canada boosted their price target on DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Baird R W lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Barclays decreased their price target on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Finally, Scotiabank assumed coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.00.

DoubleVerify Price Performance

NYSE:DV opened at $13.36 on Tuesday. The firm has a market cap of $2.22 billion, a PE ratio of 36.11, a P/E/G ratio of 2.63 and a beta of 1.06. The firm has a 50 day simple moving average of $18.15 and a 200-day simple moving average of $18.56. DoubleVerify has a 1-year low of $12.81 and a 1-year high of $34.39.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 sale, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in shares of DoubleVerify during the 3rd quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its holdings in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after acquiring an additional 981 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 last quarter. Quadrant Capital Group LLC grew its holdings in DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after acquiring an additional 1,285 shares in the last quarter. Finally, Allianz SE bought a new stake in shares of DoubleVerify in the 4th quarter worth about $41,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

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.