DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Rating of “Moderate Buy” by Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.00.

Several analysts recently weighed in on the company. Stifel Nicolaus set a $20.00 price objective on DoubleVerify in a research note on Friday, February 28th. Canaccord Genuity Group cut their price target on DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. JMP Securities reissued a “market outperform” rating and set a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Cannonball Research lowered DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Finally, Bank of America raised DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th.

DoubleVerify Stock Down 2.9 %

NYSE:DV opened at $14.06 on Monday. The stock’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $18.80. The firm has a market capitalization of $2.33 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. DoubleVerify has a twelve month low of $13.42 and a twelve month high of $35.57.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of DoubleVerify by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock valued at $335,816,000 after acquiring an additional 143,773 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of DoubleVerify by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company’s stock valued at $108,753,000 after acquiring an additional 948,529 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock valued at $94,262,000 after acquiring an additional 2,073,279 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of DoubleVerify by 29.5% during the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock valued at $50,002,000 after buying an additional 592,435 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its position in shares of DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after buying an additional 19,684 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

About DoubleVerify

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.