Barclays Lowers DoubleVerify (NYSE:DV) Price Target to $25.00

DoubleVerify (NYSE:DV) had its price target cut by equities research analysts at Barclays from $27.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 25.63% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Raymond James began coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price objective for the company. Scotiabank started coverage on DoubleVerify in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price target for the company. BMO Capital Markets decreased their target price on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Truist Financial decreased their target price on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

DoubleVerify Stock Down 0.2 %

Shares of DV opened at $19.90 on Thursday. DoubleVerify has a 52 week low of $16.11 and a 52 week high of $43.00. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 53.78, a PEG ratio of 2.35 and a beta of 0.98. The stock’s 50-day moving average price is $19.86 and its 200-day moving average price is $19.00.

DoubleVerify announced that its board has approved a stock buyback plan on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total transaction of $42,476.21. Following the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,761,439.82. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new stake in shares of DoubleVerify in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after buying an additional 863 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in DoubleVerify during the 3rd quarter valued at $49,000. KBC Group NV lifted its stake 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 purchasing an additional 1,325 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of DoubleVerify during the 4th quarter worth $113,000. 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.