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

DoubleVerify Holdings, Inc. (NYSE:DV) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.3929.

A number of research firms recently weighed in on DV. The Goldman Sachs Group boosted their target price on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Raymond James Financial reaffirmed an “outperform” rating and set a $14.00 target price on shares of DoubleVerify in a research note on Thursday, May 7th. Finally, Wells Fargo & Company reduced their price target on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th.

DoubleVerify Trading Down 0.2%

Shares of DoubleVerify stock traded down $0.02 on Friday, hitting $11.71. 1,580,899 shares of the company traded hands, compared to its average volume of 3,417,698. The company has a market cap of $1.80 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.40 and a beta of 0.96. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $16.82. The firm’s 50-day simple moving average is $10.39 and its 200 day simple moving average is $10.37.

Institutional Trading of DoubleVerify

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in DoubleVerify by 0.6% during the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after acquiring an additional 754 shares in the last quarter. Woodline Partners LP lifted its position in DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after acquiring an additional 762 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in DoubleVerify by 2.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock worth $504,000 after buying an additional 1,098 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in DoubleVerify by 9.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 13,707 shares of the company’s stock valued at $157,000 after purchasing an additional 1,130 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in shares of DoubleVerify by 4.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after buying an additional 1,200 shares during the last quarter. 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.