DoubleVerify (NYSE:DV) Price Target Raised to $24.00

DoubleVerify (NYSE:DV) had its price target raised by Royal Bank of Canada from $22.00 to $24.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently commented on DV. Piper Sandler decreased their price target on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Raymond James assumed coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price objective on the stock. Macquarie restated an “outperform” rating and set a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. Wells Fargo & Company began coverage on DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average price target of $24.21.

DoubleVerify Stock Up 1.8 %

Shares of NYSE DV opened at $19.61 on Friday. DoubleVerify has a 12-month low of $16.11 and a 12-month high of $43.00. The firm’s 50-day simple moving average is $19.61 and its 200 day simple moving average is $19.00. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97.

DoubleVerify declared that its board has authorized a stock buyback plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total transaction of $35,809.20. Following the completion of the transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,656,439.40. This represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 5,599 shares of company stock valued at $107,233 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

A number of institutional investors have recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in DoubleVerify in the 3rd quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of DoubleVerify by 73.6% in 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of DoubleVerify in the third quarter valued at about $49,000. KBC Group NV raised its holdings in DoubleVerify by 35.8% during the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Covestor Ltd boosted its position in DoubleVerify by 22.8% during the third quarter. Covestor Ltd now owns 6,643 shares of the company’s stock valued at $112,000 after purchasing an additional 1,235 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

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.