DoubleVerify (NYSE:DV) Given a $13.60 Price Target by Wells Fargo & Company Analysts

Wells Fargo & Company set a $13.60 price objective on DoubleVerify (NYSE:DV) in a report published on Friday, MarketBeat.com reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on DV. Nomura set a $13.60 price target on DoubleVerify in a research report on Friday. Canaccord Genuity Group restated a “hold” rating and issued a $13.60 target price (down from $16.00) on shares of DoubleVerify in a report on Friday. Royal Bank Of Canada downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $14.00 to $13.60 in a report on Friday. BMO Capital Markets set a $13.60 price objective on shares of DoubleVerify in a research note on Friday. Finally, Truist Financial reaffirmed a “hold” rating and set a $13.60 price objective (down from $16.00) on shares of DoubleVerify in a report on Friday. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, DoubleVerify has a consensus rating of “Hold” and a consensus price target of $14.18.

DoubleVerify Trading Up 12.8%

Shares of NYSE:DV opened at $13.21 on Friday. The stock has a market capitalization of $2.03 billion, a PE ratio of 36.68, a P/E/G ratio of 1.40 and a beta of 0.98. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $16.44. The firm has a fifty day moving average price of $11.02 and a 200 day moving average price of $10.43.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted 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 valued at $169,045,000 after purchasing an additional 360,055 shares during the period. Diversified Investment Strategies LLC bought a new position in shares of DoubleVerify during the 1st quarter worth about $3,246,000. Ruffer LLP bought a new position in shares of DoubleVerify during the 4th quarter worth about $7,399,000. ZWJ Investment Counsel Inc. raised its holdings in DoubleVerify by 16.6% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,640,121 shares of the company’s stock valued at $18,763,000 after acquiring an additional 233,307 shares in the last quarter. Finally, Pale Fire Capital SE acquired a new position in shares of DoubleVerify in the first quarter valued at $1,050,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

More DoubleVerify News

Here are the key news stories impacting DoubleVerify this week:

• Positive Sentiment: Nielsen will pay $13.60 per DoubleVerify share in cash, providing a meaningful premium and establishing a potential near-term valuation anchor. The transaction is expected to combine DoubleVerify’s media-quality and ad-performance technology with Nielsen’s audience measurement and media-intelligence business. Nielsen Is Acquiring DoubleVerify For $2.15 Billion
• Positive Sentiment: The acquisition announcement outweighed mixed quarterly results and drove heavy investor interest, with the stock trading close to Nielsen’s proposed cash consideration. Nielsen to Acquire DoubleVerify

DoubleVerify Company Profile

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.