The Goldman Sachs Group Reiterates “Buy” Rating for DoubleVerify (NYSE:DV)

The Goldman Sachs Group reissued their buy rating on shares of DoubleVerify (NYSE:DV) in a research report released on Friday, Benzinga reports. The brokerage currently has a $28.00 price objective on the stock.

Several other analysts have also issued reports on DV. Royal Bank of Canada restated an outperform rating and issued a $40.00 price objective on shares of DoubleVerify in a research note on Friday, June 14th. Barclays lowered their target price on DoubleVerify from $30.00 to $27.00 and set an overweight rating on the stock in a research note on Tuesday, July 16th. Morgan Stanley raised their price objective on DoubleVerify from $21.00 to $22.00 and gave the stock an equal weight rating in a research note on Tuesday, July 23rd. Macquarie restated an outperform rating and set a $25.00 price objective on shares of DoubleVerify in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $33.00 target price on shares of DoubleVerify in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $31.53.

DoubleVerify Stock Down 1.9 %

Shares of NYSE DV opened at $17.09 on Friday. DoubleVerify has a 12 month low of $16.93 and a 12 month high of $43.00. The company has a market cap of $2.94 billion, a P/E ratio of 44.97, a P/E/G ratio of 2.40 and a beta of 0.92. The business’s 50 day moving average is $19.36 and its two-hundred day moving average is $23.48.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $155.89 million for the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Sell-side analysts expect that DoubleVerify will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $20.02, for a total transaction of $35,315.28. Following the completion of the transaction, the chief financial officer now owns 77,314 shares in the company, valued at approximately $1,547,826.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 5,292 shares of company stock valued at $104,835 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. 1492 Capital Management LLC boosted its stake in DoubleVerify by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after purchasing an additional 553 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of DoubleVerify by 65.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after purchasing an additional 587 shares in the last quarter. United Services Automobile Association grew its stake in DoubleVerify by 7.4% in the 2nd quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock valued at $210,000 after acquiring an additional 746 shares during the last quarter. Whittier Trust Co. acquired a new stake in DoubleVerify in the 1st quarter valued at about $28,000. Finally, Insight Wealth Strategies LLC grew its stake in DoubleVerify by 1.3% in the 1st quarter. Insight Wealth Strategies LLC now owns 61,883 shares of the company’s stock valued at $2,176,000 after acquiring an additional 810 shares during the last quarter. 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.