DoubleVerify (NYSE:DV) Price Target Lowered to $15.00 at Stifel Nicolaus

DoubleVerify (NYSE:DV) had its target price lowered by equities researchers at Stifel Nicolaus from $20.00 to $15.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 60.17% from the stock’s previous close.

DV has been the subject of several other reports. Needham & Company LLC decreased their price target on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets reaffirmed an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $13.50 price objective on shares of DoubleVerify in a research note on Tuesday, October 14th. Wells Fargo & Company decreased their price target on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.12.

DoubleVerify Stock Performance

NYSE DV opened at $9.37 on Monday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 1.42 and a beta of 0.98. DoubleVerify has a twelve month low of $7.64 and a twelve month high of $23.11. The company has a quick ratio of 4.41, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $12.27 and a 200 day simple moving average of $13.89.

DoubleVerify (NYSE:DV) last issued its earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. The business had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that DoubleVerify will post 0.36 EPS for the current year.

Insider Buying and Selling

In related news, insider Andrew E. Grimmig sold 4,096 shares of the company’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 transaction, the insider owned 96,301 shares of the company’s stock, valued at approximately $1,250,949.99. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the 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. In the last 90 days, insiders have sold 11,488 shares of company stock worth $157,255. 3.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock worth $31,000 after acquiring an additional 1,982 shares in the last quarter. Parallel Advisors LLC raised its holdings in DoubleVerify by 572.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after purchasing an additional 2,031 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in DoubleVerify by 178.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after acquiring an additional 2,211 shares during the period. 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 boosted its stake in DoubleVerify by 3,035.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after acquiring an additional 3,066 shares during the last quarter. 97.29% of the stock is owned by 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.