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 research note published on Friday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Scotiabank started coverage on shares of DoubleVerify in a report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 target price for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Barclays decreased their price target on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Raymond James began coverage on DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Stifel Nicolaus set a $20.00 price target on DoubleVerify in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

DoubleVerify Stock Down 4.8 %

Shares of NYSE DV opened at $13.33 on Friday. DoubleVerify has a 52 week low of $13.14 and a 52 week high of $35.55. The business’s 50 day moving average price is $18.53 and its 200 day moving average price is $18.64. The firm has a market cap 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.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of DoubleVerify by 13.4% during the fourth quarter. Wellington Management Group LLP now owns 415,337 shares of the company’s stock worth $7,979,000 after purchasing an additional 49,078 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of DoubleVerify by 106.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 57,772 shares of the company’s stock worth $1,110,000 after acquiring an additional 29,745 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of DoubleVerify in the fourth quarter valued at about $6,422,000. Mackenzie Financial Corp increased its stake in shares of DoubleVerify by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company’s stock worth $108,753,000 after acquiring an additional 948,529 shares during the period. Finally, Neo Ivy Capital Management boosted its holdings in DoubleVerify by 271.0% in the 4th quarter. Neo Ivy Capital Management now owns 174,897 shares of the company’s stock valued at $3,359,000 after purchasing an additional 127,751 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other 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.