DoubleVerify (NYSE:DV) Price Target Cut to $15.00 by Analysts at Morgan Stanley

DoubleVerify (NYSE:DV) had its price target decreased by equities researchers at Morgan Stanley from $16.50 to $15.00 in a research note issued on Monday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 44.86% from the stock’s previous close.

A number of other analysts also recently commented on the company. BMO Capital Markets restated an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Royal Bank Of Canada dropped their price target on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday. Wells Fargo & Company cut their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus cut their price target on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.09.

DoubleVerify Trading Up 10.3%

NYSE DV traded up $0.97 during trading hours on Monday, hitting $10.36. 2,503,521 shares of the company’s stock were exchanged, compared to its average volume of 2,765,670. The business’s 50 day moving average is $12.27 and its 200-day moving average is $13.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 3.98. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $23.11. The firm has a market capitalization of $1.69 billion, a P/E ratio of 41.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98.

DoubleVerify (NYSE:DV) last released its earnings results on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.13. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The business had revenue of $188.62 million for the quarter, compared to analysts’ expectations of $190.43 million. During the same period last year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Activity

In other news, insider Andrew E. Grimmig sold 4,096 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider owned 96,301 shares of the company’s stock, valued at approximately $1,250,949.99. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The SEC filing for this sale provides additional information. Insiders have sold 11,488 shares of company stock valued at $157,255 over the last 90 days. Insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its stake in shares of DoubleVerify by 582.9% in the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after purchasing an additional 1,982 shares in the last quarter. Parallel Advisors LLC grew its stake in DoubleVerify by 572.1% in the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after purchasing an additional 2,031 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in DoubleVerify by 178.9% in the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after buying an additional 2,211 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in DoubleVerify in the second quarter valued at about $42,000. Finally, Farther Finance Advisors LLC raised its stake in DoubleVerify by 3,035.6% during the second quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock valued at $47,000 after buying an additional 3,066 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

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.