DoubleVerify Holdings, Inc. (NYSE:DV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.00.

Several research analysts have commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. Royal Bank of Canada lifted their target price on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Barclays cut their target price on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Morgan Stanley cut their target price on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Bank of America raised DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th.

DoubleVerify Trading Down 2.9 %

Shares of DV opened at $14.06 on Monday. The company has a market capitalization of $2.33 billion, a PE ratio of 37.99, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify has a 12 month low of $13.42 and a 12 month high of $35.57. The stock’s 50-day moving average price is $19.06 and its two-hundred day moving average price is $18.81.

Insider Activity at DoubleVerify

In other DoubleVerify 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 directly owns 85,882 shares of the company’s stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoubleVerify

Hedge funds have recently bought and sold shares of the company. Geneva Capital Management LLC boosted its holdings in DoubleVerify by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after acquiring an additional 19,684 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of DoubleVerify during the 3rd quarter worth $794,000. Repertoire Partners LP boosted its holdings in shares of DoubleVerify by 1,041.7% in the 3rd quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock worth $11,535,000 after buying an additional 625,000 shares during the last quarter. Geode Capital Management LLC grew its position in DoubleVerify by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock valued at $38,729,000 after buying an additional 10,696 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in DoubleVerify by 4.8% during the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock worth $34,264,000 after buying an additional 94,095 shares during the last quarter. 97.29% of the stock is 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.