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

Baird R W lowered shares of DoubleVerify (NYSE:DV) from a strong-buy rating to a hold rating in a report published on Friday morning,Zacks.com reports.

Several other research firms have also recently commented on DV. Loop Capital cut shares of DoubleVerify from a “buy” rating to a “hold” rating and lowered their target price for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. Canaccord Genuity Group reduced their target price on DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Morgan Stanley decreased their target price on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Finally, Raymond James started coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 target price on the stock. One equities 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, the stock has an average rating of “Hold” and a consensus target price of $22.00.

DoubleVerify Price Performance

DoubleVerify stock opened at $13.33 on Friday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.63 and a beta of 1.06. DoubleVerify has a 12-month low of $13.14 and a 12-month high of $35.55. The firm’s 50-day moving average is $18.53 and its two-hundred day moving average is $18.64.

Insider Activity

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 value of $47,974.20. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DV. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in DoubleVerify during the 3rd quarter valued at $1,345,000. FORA Capital LLC bought a new stake in shares of DoubleVerify during the third quarter valued at about $307,000. Capstone Investment Advisors LLC bought a new stake in shares of DoubleVerify during the third quarter valued at about $268,000. Captrust Financial Advisors grew its position in DoubleVerify by 61.3% in the 3rd quarter. Captrust Financial Advisors now owns 41,362 shares of the company’s stock valued at $697,000 after buying an additional 15,714 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in DoubleVerify by 22.8% in the 3rd quarter. Verition Fund Management LLC now owns 197,846 shares of the company’s stock valued at $3,332,000 after buying an additional 36,746 shares in the last quarter. 97.29% of the stock is currently owned by 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.