DoubleVerify (NYSE:DV) Cut to “Hold” at Baird R W

DoubleVerify (NYSE:DV) was downgraded by investment analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Morgan Stanley decreased their target price on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $20.00 price objective (down previously from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. JMP Securities restated a “market outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Stifel Nicolaus set a $20.00 price target on DoubleVerify in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.00.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $13.33 on Friday. DoubleVerify has a 1 year low of $13.14 and a 1 year high of $35.55. The firm has a market cap of $2.21 billion, a P/E ratio of 36.01, a PEG ratio of 2.63 and a beta of 1.06. The stock has a fifty day moving average price of $18.53 and a two-hundred day moving average price of $18.64.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction 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 of the company’s stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors have recently made changes to their positions in DV. Wealth Enhancement Advisory Services LLC lifted its stake in DoubleVerify by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock valued at $549,000 after acquiring an additional 526 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of DoubleVerify by 6.3% during the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company’s stock valued at $184,000 after purchasing an additional 571 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 863 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after purchasing an additional 981 shares in the last quarter. Finally, Summit Creek Advisors LLC increased its position in DoubleVerify by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock worth $7,080,000 after buying an additional 1,153 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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.