DoubleVerify (NYSE:DV) Price Target Lowered to $16.00 at Canaccord Genuity Group

DoubleVerify (NYSE:DVGet Free Report) had its price objective dropped by Canaccord Genuity Group from $18.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 53.92% from the stock’s previous close.

DV has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Barclays reissued an “equal weight” rating and issued a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Zacks Research lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Stifel Nicolaus reduced their price objective on DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Royal Bank Of Canada cut their target price on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.94.

Get Our Latest Stock Analysis on DoubleVerify

DoubleVerify Price Performance

Shares of DV traded up $0.87 during trading hours on Friday, reaching $10.40. 3,158,642 shares of the company’s stock traded hands, compared to its average volume of 2,511,576. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $10.46 and its 200-day simple moving average is $11.69. The stock has a market cap of $1.67 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 0.63 and a beta of 0.98. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $17.08.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently bought and sold shares of DV. Clearstead Advisors LLC lifted its stake in shares of DoubleVerify by 210.0% in the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after purchasing an additional 1,392 shares during the period. Quadrant Capital Group LLC increased its stake in shares of DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after acquiring an additional 1,492 shares in the last quarter. UMB Bank n.a. lifted its position in DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after acquiring an additional 1,528 shares during the period. Hantz Financial Services Inc. boosted its stake in DoubleVerify by 178.9% during the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after acquiring an additional 2,211 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in DoubleVerify in the second quarter worth about $42,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

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DoubleVerify Company Profile

(Get Free Report)

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.

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