Truist Financial Cuts DoubleVerify (NYSE:DV) Price Target to $17.00

DoubleVerify (NYSE:DV) had its price target reduced by Truist Financial from $22.00 to $17.00 in a research note released on Monday, MarketBeat.com reports. They currently have a buy rating on the stock.

DV has been the subject of a number of other research reports. BMO Capital Markets restated an “outperform” rating and set a $27.00 target price (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. Stifel Nicolaus decreased their target price on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley cut their target price on DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, DoubleVerify has a consensus rating of “Hold” and an average price target of $16.38.

DoubleVerify Trading Down 3.4%

DV opened at $10.51 on Monday. The business’s 50 day moving average is $11.94 and its two-hundred day moving average is $13.83. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $23.11. The company has a quick ratio of 4.41, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. During the same quarter last year, the company posted $0.10 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict that DoubleVerify will post 0.36 EPS for the current year.

Insider Buying and Selling

In other DoubleVerify news, insider Andrew E. Grimmig sold 4,096 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total transaction of $53,207.04. Following the transaction, the insider directly owned 96,301 shares in the company, valued at $1,250,949.99. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,488 shares of company stock worth $157,255 over the last ninety days. 3.59% of the stock is currently owned by insiders.

Institutional Trading of DoubleVerify

Hedge funds have recently bought and sold shares of the stock. Gagnon Securities LLC raised its stake in DoubleVerify by 280.9% during the second quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock worth $5,464,000 after acquiring an additional 269,170 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of DoubleVerify by 99.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock valued at $22,417,000 after acquiring an additional 747,252 shares during the period. ING Groep NV boosted its position in shares of DoubleVerify by 32.9% during the first quarter. ING Groep NV now owns 503,900 shares of the company’s stock worth $6,737,000 after buying an additional 124,800 shares during the period. Vanguard Group Inc. grew its stake in DoubleVerify by 5.6% in the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock valued at $246,891,000 after purchasing an additional 984,779 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of DoubleVerify by 3.2% in the first quarter. Northern Trust Corp now owns 1,153,839 shares of the company’s stock valued at $15,427,000 after buying an additional 36,009 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

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.