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

DoubleVerify Holdings, Inc. (NYSE:DV) has earned an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.00.

DV has been the subject of a number of research reports. Zacks Research cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Barclays reiterated an “equal weight” rating and issued a $12.00 price objective on shares of DoubleVerify in a report on Monday, January 12th. Royal Bank Of Canada reduced their target price on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. Finally, Morgan Stanley increased 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, January 13th.

DoubleVerify Price Performance

NYSE DV opened at $9.50 on Friday. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $16.82. The company has a market capitalization of $1.54 billion, a PE ratio of 31.65, a P/E/G ratio of 1.08 and a beta of 0.98. The company has a fifty day moving average of $10.06 and a 200 day moving average of $10.79.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The company had revenue of $205.59 million during the quarter, compared to analyst estimates of $208.77 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Research analysts expect that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC raised its position in DoubleVerify by 210.0% in the third 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 raised its holdings 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 valued at $28,000 after buying an additional 1,492 shares during the period. UMB Bank n.a. raised its holdings in shares of DoubleVerify by 124.3% in the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after buying an additional 1,528 shares during the period. Hantz Financial Services Inc. lifted its stake in DoubleVerify by 178.9% during the 3rd 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 position in DoubleVerify during the 2nd quarter valued at about $42,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

About DoubleVerify

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.