DoubleVerify (NYSE:DV) Given “Market Perform” Rating at Citizens Jmp

Citizens Jmp reaffirmed their market perform rating on shares of DoubleVerify (NYSE:DV) in a research report report published on Friday morning,Benzinga reports.

DV has been the topic of several other research reports. BMO Capital Markets set a $13.60 price target on DoubleVerify in a report on Friday. Royal Bank Of Canada lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $14.00 to $13.60 in a research note on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research note on Friday, July 17th. Canaccord Genuity Group restated a “hold” rating and issued a $13.60 target price (down from $16.00) on shares of DoubleVerify in a report on Friday. Finally, Wells Fargo & Company set a $13.60 target price on DoubleVerify and gave the stock an “equal weight” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.18.

DoubleVerify Price Performance

DV stock opened at $13.21 on Friday. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $16.44. The firm has a market cap of $2.03 billion, a PE ratio of 36.68, a P/E/G ratio of 1.40 and a beta of 0.98. The firm has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $10.43.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently made changes to their positions in DV. BlackRock Inc. lifted its holdings in shares of DoubleVerify by 19.6% in the second quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock valued at $250,973,000 after purchasing an additional 3,799,956 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of DoubleVerify by 2,028.9% during the fourth quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock valued at $41,756,000 after buying an additional 3,478,542 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of DoubleVerify by 123.4% during the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after buying an additional 2,902,169 shares in the last quarter. SG Capital Management LLC raised its position in DoubleVerify by 202.1% during the fourth quarter. SG Capital Management LLC now owns 1,020,892 shares of the company’s stock valued at $11,679,000 after buying an additional 2,020,892 shares during the period. Finally, Boston Partners acquired a new position in DoubleVerify during the fourth quarter valued at $20,642,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Trending Headlines about DoubleVerify

Here are the key news stories impacting DoubleVerify this week:

• Positive Sentiment: Nielsen will pay $13.60 per DoubleVerify share in cash, providing a meaningful premium and establishing a potential near-term valuation anchor. The transaction is expected to combine DoubleVerify’s media-quality and ad-performance technology with Nielsen’s audience measurement and media-intelligence business. Nielsen Is Acquiring DoubleVerify For $2.15 Billion
• Positive Sentiment: The acquisition announcement outweighed mixed quarterly results and drove heavy investor interest, with the stock trading close to Nielsen’s proposed cash consideration. Nielsen to Acquire DoubleVerify

DoubleVerify Company Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.