DoubleVerify’s (DV) “Outperform” Rating Reiterated at Macquarie

Macquarie reiterated their outperform rating on shares of DoubleVerify (NYSE:DV) in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a $19.00 price target on the stock.

DV has been the topic of several other reports. The Goldman Sachs Group cut their price objective on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of DoubleVerify in a report on Tuesday, September 17th. BMO Capital Markets cut their price objective on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Piper Sandler cut their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial cut their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.47.

DoubleVerify Trading Down 2.0 %

NYSE:DV opened at $19.33 on Thursday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. DoubleVerify has a 12-month low of $16.11 and a 12-month high of $43.00. The company’s 50-day moving average is $17.53 and its two-hundred day moving average is $19.44.

DoubleVerify announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the sale, the chief financial officer now owns 81,598 shares of the company’s stock, valued at approximately $1,380,638.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,056 shares of company stock valued at $119,634 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of DoubleVerify

A number of hedge funds have recently made changes to their positions in DV. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of DoubleVerify during the first quarter worth approximately $309,000. Whittier Trust Co. acquired a new stake in shares of DoubleVerify during the first quarter worth approximately $28,000. Texas Permanent School Fund Corp grew its position in shares of DoubleVerify by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 121,991 shares of the company’s stock worth $4,289,000 after buying an additional 1,585 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of DoubleVerify by 47.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 42,158 shares of the company’s stock worth $1,482,000 after buying an additional 13,579 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of DoubleVerify by 62.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 118,415 shares of the company’s stock worth $4,163,000 after buying an additional 45,689 shares in the last quarter. Institutional investors and hedge funds 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.