The Goldman Sachs Group Cuts DoubleVerify (NYSE:DV) Price Target to $15.50

DoubleVerify (NYSE:DV) had its price target lowered by The Goldman Sachs Group from $20.00 to $15.50 in a report issued on Monday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. Morgan Stanley lowered their price target on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. JMP Securities reissued a “market outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a report on Monday, January 27th. Stifel Nicolaus set a $20.00 target price on DoubleVerify in a research note on Friday, February 28th. Finally, Raymond James began coverage on DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, DoubleVerify has an average rating of “Hold” and an average price target of $21.58.

DoubleVerify Trading Down 1.4 %

DV stock opened at $12.04 on Monday. DoubleVerify has a 1-year low of $11.52 and a 1-year high of $31.15. The stock has a market cap of $2.00 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.63 and a beta of 1.04. The stock’s fifty day simple moving average is $16.11 and its two-hundred day simple moving average is $18.14.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

A number of large investors have recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. increased its position in shares of DoubleVerify by 73.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock valued at $94,262,000 after purchasing an additional 2,073,279 shares during the last quarter. Norges Bank purchased a new position in shares of DoubleVerify during the fourth quarter worth approximately $33,957,000. BNP Paribas Financial Markets bought a new stake in shares of DoubleVerify in the 4th quarter worth approximately $31,579,000. Alta Fox Capital Management LLC purchased a new stake in shares of DoubleVerify in the 4th quarter valued at $24,267,000. Finally, Mackenzie Financial Corp grew its holdings in shares of DoubleVerify by 20.1% during the 4th quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company’s stock valued at $108,753,000 after purchasing an additional 948,529 shares during the last quarter. Hedge funds and other 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.