DoubleVerify (NYSE:DV) Price Target Raised to $18.00

DoubleVerify (NYSE:DV) had its price objective raised by Stifel Nicolaus from $17.00 to $18.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on DV. The Goldman Sachs Group decreased their target price on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a report on Monday, April 14th. Raymond James decreased their price objective on DoubleVerify from $22.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Morgan Stanley lowered their price objective on DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Cannonball Research downgraded DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Finally, Baird R W lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.86.

DoubleVerify Stock Performance

NYSE:DV opened at $14.48 on Thursday. DoubleVerify has a one year low of $11.52 and a one year high of $23.11. The stock has a market cap of $2.35 billion, a PE ratio of 39.14, a P/E/G ratio of 2.63 and a beta of 1.03. The stock has a 50 day moving average price of $13.57 and a 200 day moving average price of $16.87.

DoubleVerify (NYSE:DV) last issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share. As a group, analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of DoubleVerify

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of DoubleVerify by 10.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after acquiring an additional 43,343 shares in the last quarter. Woodline Partners LP increased its holdings in DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares during the period. Dynamic Technology Lab Private Ltd raised its position in DoubleVerify by 14.0% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 63,488 shares of the company’s stock valued at $849,000 after purchasing an additional 7,782 shares in the last quarter. Teza Capital Management LLC boosted its stake in shares of DoubleVerify by 21.1% in the 1st quarter. Teza Capital Management LLC now owns 26,827 shares of the company’s stock valued at $359,000 after buying an additional 4,673 shares during the period. Finally, Newtyn Management LLC purchased a new position in shares of DoubleVerify in the 1st quarter valued at about $11,953,000. 97.29% of the stock is currently owned by hedge funds and other 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.