DoubleVerify (NYSE:DV) Given New $25.00 Price Target at JMP Securities

DoubleVerify (NYSE:DV) had its price objective trimmed by JMP Securities from $33.00 to $25.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other analysts also recently weighed in on DV. Stifel Nicolaus decreased their target price on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Piper Sandler decreased their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Truist Financial dropped their target price on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday. Macquarie decreased their price target on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Finally, Royal Bank of Canada lowered their price target on DoubleVerify from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.47.

DoubleVerify Stock Down 1.9 %

DoubleVerify stock traded down $0.38 during mid-day trading on Thursday, reaching $19.34. 5,072,400 shares of the company’s stock traded hands, compared to its average volume of 2,382,317. DoubleVerify has a 12-month low of $16.11 and a 12-month high of $43.00. The stock has a 50 day moving average of $17.54 and a two-hundred day moving average of $19.59. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 56.33, a PEG ratio of 2.44 and a beta of 0.90.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $169.56 million for the quarter, compared to the consensus estimate of $168.93 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. As a group, sell-side analysts forecast that DoubleVerify will post 0.3 earnings per share for the current year.

DoubleVerify announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $16.92, for a total transaction of $29,846.88. Following the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at $1,380,638.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,056 shares of company stock valued at $119,634 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of DoubleVerify

Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of DoubleVerify in the first quarter valued at approximately $28,000. CWM LLC grew its holdings in DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after buying an additional 1,900 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of DoubleVerify in the 3rd quarter worth $49,000. Fifth Third Bancorp increased its stake in shares of DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after acquiring an additional 1,742 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after acquiring an additional 1,325 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

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.