DoubleVerify Holdings, Inc. (NYSE:DV) Receives $16.41 Consensus Price Target from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has received an average recommendation of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.4118.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Stifel Nicolaus reduced their price target on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $13.50 price objective on shares of DoubleVerify in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company decreased their target price on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, October 21st.

DoubleVerify Stock Down 1.3%

DV opened at $9.34 on Thursday. The company has a market capitalization of $1.50 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 0.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. DoubleVerify has a fifty-two week low of $7.64 and a fifty-two week high of $23.11. The business has a 50-day moving average of $10.89 and a 200-day moving average of $12.25.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The firm had revenue of $188.62 million for the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Equities research analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC increased its stake in shares of 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 purchasing an additional 1,392 shares during the period. Hantz Financial Services Inc. increased its position in DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after buying an additional 2,211 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of DoubleVerify during the second quarter worth approximately $42,000. Atlantic Union Bankshares Corp acquired a new position in shares of DoubleVerify during the third quarter worth approximately $51,000. Finally, Allworth Financial LP boosted its position in shares of DoubleVerify by 121.9% in the fourth quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock valued at $54,000 after acquiring an additional 2,581 shares during the period. Institutional investors and hedge funds 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.