DoubleVerify (NYSE:DV) Price Target Cut to $17.00 by Analysts at Morgan Stanley

DoubleVerify (NYSE:DV) had its price target reduced by equities researchers at Morgan Stanley from $18.50 to $17.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 36.38% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Barclays cut their target price 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. Bank of America raised DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th. Robert W. Baird restated a “neutral” rating and set a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of DoubleVerify in a research note on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.38.

DoubleVerify Stock Up 3.3 %

NYSE DV opened at $12.47 on Thursday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. DoubleVerify has a fifty-two week low of $11.52 and a fifty-two week high of $31.15. The business has a fifty day moving average of $15.72 and a 200-day moving average of $18.08.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Institutional Trading of DoubleVerify

Hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new stake in shares of DoubleVerify in the first quarter worth $704,000. Wealth Enhancement Advisory Services LLC raised its position in shares of DoubleVerify by 68.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 97,140 shares of the company’s stock valued at $1,299,000 after buying an additional 39,368 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of DoubleVerify by 669.2% in the first quarter. SG Americas Securities LLC now owns 45,200 shares of the company’s stock valued at $604,000 after buying an additional 39,324 shares during the period. Harbor Capital Advisors Inc. increased its stake in DoubleVerify by 167.7% during the first quarter. Harbor Capital Advisors Inc. now owns 25,145 shares of the company’s stock valued at $336,000 after acquiring an additional 15,751 shares during the period. Finally, Washington Capital Management Inc. raised its holdings in DoubleVerify by 24.3% in the 1st quarter. Washington Capital Management Inc. now owns 39,400 shares of the company’s stock valued at $527,000 after acquiring an additional 7,700 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

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.