DoubleVerify (NYSE:DV) Given New $16.00 Price Target at Canaccord Genuity Group

DoubleVerify (NYSE:DVGet Free Report) had its price objective lowered by equities researchers at Canaccord Genuity Group from $18.00 to $16.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 53.92% from the company’s previous close.

A number of other brokerages have also weighed in on DV. Stifel Nicolaus decreased their price objective on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. Scotiabank reiterated an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. Truist Financial decreased their target price on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Zacks Research cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, DoubleVerify has an average rating of “Hold” and a consensus price target of $15.94.

View Our Latest Report on DoubleVerify

DoubleVerify Stock Up 9.1%

NYSE:DV traded up $0.87 on Friday, reaching $10.40. 3,158,642 shares of the stock traded hands, compared to its average volume of 2,511,576. The company’s fifty day simple moving average is $10.46 and its 200 day simple moving average is $11.69. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 0.63 and a beta of 0.98. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $17.08. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On DoubleVerify

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in DoubleVerify by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after purchasing an additional 360,055 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of DoubleVerify by 1.3% in the fourth quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock worth $64,986,000 after buying an additional 74,051 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of DoubleVerify by 123.4% during the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after acquiring an additional 2,902,169 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in DoubleVerify by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,970,550 shares of the company’s stock valued at $45,424,000 after acquiring an additional 234,139 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in DoubleVerify by 2.6% during the third quarter. Van Berkom & Associates Inc. now owns 3,739,071 shares of the company’s stock valued at $44,794,000 after acquiring an additional 95,235 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify News Roundup

Here are the key news stories impacting DoubleVerify this week:

DoubleVerify Company Profile

(Get Free Report)

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.

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