Stifel Nicolaus Issues Pessimistic Forecast for DoubleVerify (NYSE:DV) Stock Price

DoubleVerify (NYSE:DV) had its target price cut by equities research analysts at Stifel Nicolaus from $20.00 to $17.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 29.13% from the company’s current price.

DV has been the subject of several other reports. JMP Securities restated a “market outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Barclays decreased their price target on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of DoubleVerify in a report on Wednesday, April 16th. Loop Capital cut shares of DoubleVerify from a “buy” rating to a “hold” rating and lowered their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $14.00 price target (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, DoubleVerify currently has a consensus rating of “Hold” and a consensus price target of $20.83.

DoubleVerify Stock Up 3.7 %

Shares of DV stock opened at $13.17 on Wednesday. DoubleVerify has a 12-month low of $11.52 and a 12-month high of $31.11. The company has a market capitalization of $2.14 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The firm has a 50 day moving average price of $14.91 and a two-hundred day moving average price of $17.97.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

Several institutional investors have recently modified their holdings of DV. Smartleaf Asset Management LLC lifted its holdings in DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after buying an additional 981 shares during the period. GAMMA Investing LLC lifted its stake in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after acquiring an additional 863 shares during the period. Quadrant Capital Group LLC boosted its holdings in DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after acquiring an additional 1,285 shares during the last quarter. Versant Capital Management Inc acquired a new stake in DoubleVerify during the 1st quarter valued at approximately $40,000. Finally, Allianz SE bought a new position in DoubleVerify during the 4th quarter worth approximately $41,000. 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.