DoubleVerify Holdings, Inc. (DV) – What Are Analysts Thinking About This Stock?

DoubleVerify Holdings, Inc. (NYSE:DV) has been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.52.

Several equities research analysts have weighed in on DV shares. Raymond James Financial lowered shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Royal Bank Of Canada lowered shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $14.00 to $13.60 in a report on Friday, August 7th. Scotiabank cut shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $15.00 to $13.60 in a research report on Friday, August 7th. Citizens Jmp cut shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Truist Financial downgraded DoubleVerify from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $16.00 to $13.60 in a research note on Friday, August 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of DoubleVerify during the second quarter worth about $27,000. Nykredit A S acquired a new position in shares of DoubleVerify in the 2nd quarter valued at approximately $32,000. Bayforest Capital Ltd acquired a new position in shares of DoubleVerify in the 2nd quarter valued at approximately $36,000. Allworth Financial LP acquired a new position in shares of DoubleVerify in the 2nd quarter valued at approximately $52,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of DoubleVerify by 2,114.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,115 shares of the company’s stock valued at $55,000 after purchasing an additional 4,884 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

Shares of NYSE:DV opened at $13.49 on Tuesday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 37.49, a P/E/G ratio of 1.47 and a beta of 0.99. The firm’s 50 day simple moving average is $13.40 and its 200 day simple moving average is $11.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50. DoubleVerify has a fifty-two week low of $7.64 and a fifty-two week high of $13.65.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. The business had revenue of $193.79 million for the quarter, compared to analyst estimates of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. DoubleVerify’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. As a group, sell-side analysts forecast that DoubleVerify will post 0.59 earnings per share for the current year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc is a software and data analytics company that provides measurement, verification and optimization services for digital advertising. Its platform helps advertisers, agencies, publishers and digital media platforms evaluate whether advertising was delivered to legitimate audiences, appeared in suitable environments and had an opportunity to be viewed.

The company’s products and services address areas including ad fraud, viewability, brand safety and suitability, contextual targeting, media quality and campaign performance.