DoubleVerify Holdings, Inc. (NYSE:DV) Receives Average Rating of “Moderate Buy” from Brokerages

DoubleVerify Holdings, Inc. (NYSE:DV) has received an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.4118.

DV has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Needham & Company LLC lowered their price objective on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Morgan Stanley lifted their price objective on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Tuesday. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. Finally, Royal Bank Of Canada lowered their price target on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, November 10th.

DoubleVerify Stock Performance

Shares of NYSE DV traded down $0.07 during mid-day trading on Friday, hitting $10.50. The company had a trading volume of 2,336,003 shares, compared to its average volume of 1,833,190. The stock’s 50-day moving average price is $10.87 and its 200-day moving average price is $12.76. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 0.69 and a beta of 0.98. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11.

DoubleVerify (NYSE:DV) last posted its earnings results on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Trading of DoubleVerify

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC grew its position in DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after acquiring an additional 1,392 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of DoubleVerify by 572.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after purchasing an additional 2,031 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of DoubleVerify by 178.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of DoubleVerify during the 2nd quarter valued at about $42,000. Finally, Farther Finance Advisors LLC lifted its position in DoubleVerify by 3,035.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after buying an additional 3,066 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Company Profile

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.