Needham & Company LLC Cuts DoubleVerify (NYSE:DV) Price Target to $12.00

DoubleVerify (NYSE:DV) had its target price decreased by Needham & Company LLC from $18.00 to $12.00 in a research report report published on Monday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research firms have also recently weighed in on DV. JPMorgan Chase & Co. raised DoubleVerify from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $19.00 in a research report on Friday, August 1st. Barclays upped their price target on DoubleVerify from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. JMP Securities reiterated a “market outperform” rating and issued a $20.00 price objective on shares of DoubleVerify in a report on Tuesday, September 2nd. Morgan Stanley cut their price objective on shares of DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Finally, Wells Fargo & Company decreased their target price on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, October 21st. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, DoubleVerify currently has an average rating of “Hold” and an average price target of $16.38.

DoubleVerify Stock Down 3.4%

DoubleVerify stock opened at $10.51 on Monday. The company has a 50 day moving average of $11.94 and a 200-day moving average of $13.83. The company has a quick ratio of 4.41, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify has a twelve month low of $7.64 and a twelve month high of $23.11. The stock has a market capitalization of $1.69 billion, a PE ratio of 42.02, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. The business had revenue of $188.62 million for the quarter, compared to analysts’ expectations of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrew E. Grimmig sold 4,096 shares of DoubleVerify stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the transaction, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,488 shares of company stock valued at $157,255. Insiders own 3.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in DoubleVerify by 0.6% during the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after acquiring an additional 754 shares during the last quarter. Woodline Partners LP increased its stake in shares of DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of DoubleVerify by 5.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock worth $230,000 after purchasing an additional 785 shares during the period. Covestor Ltd lifted its holdings in DoubleVerify by 13.9% during the 1st quarter. Covestor Ltd now owns 7,291 shares of the company’s stock worth $97,000 after purchasing an additional 889 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DoubleVerify by 3.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock valued at $518,000 after purchasing an additional 1,028 shares during the period. Institutional investors and hedge funds 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.