DoubleVerify Holdings, Inc. (NYSE:DV) Receives $13.52 Consensus Target Price from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been given an average recommendation of “Hold” by the sixteen research firms that are covering the stock, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.5214.

Several equities research analysts recently commented on DV shares. Raymond James Financial cut 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 dropped their price objective for the company from $14.00 to $13.60 in a report on Friday, August 7th. Weiss Ratings raised shares of DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Nomura set a $13.60 price target on shares of DoubleVerify in a report on Friday, August 7th. Finally, Canaccord Genuity Group lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $13.60 in a research report on Friday, August 7th.

DoubleVerify Stock Down 0.0%

Shares of DV opened at $13.46 on Friday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 1.47 and a beta of 0.99. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $13.65. The stock’s 50-day moving average price is $12.61 and its 200-day moving average price is $11.13. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The company had revenue of $193.79 million during the quarter, compared to analysts’ expectations of $202.23 million. During the same period in the prior year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that DoubleVerify will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of DoubleVerify by 19.6% in the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock valued at $250,973,000 after acquiring an additional 3,799,956 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of DoubleVerify by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock worth $41,169,000 after acquiring an additional 363,005 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of DoubleVerify during the 2nd quarter worth approximately $31,333,000. Invenomic Capital Management LP increased its holdings in DoubleVerify by 31.8% in the 4th quarter. Invenomic Capital Management LP now owns 2,383,935 shares of the company’s stock valued at $27,272,000 after purchasing an additional 575,030 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in DoubleVerify by 68.7% in the 4th quarter. BNP Paribas Financial Markets now owns 2,271,572 shares of the company’s stock valued at $25,987,000 after purchasing an additional 924,861 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About DoubleVerify

DoubleVerify Holdings, Inc provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are delivered in appropriate environments, viewed by real users and displayed as intended across digital channels.

The company’s solutions address areas including viewability, fraud and invalid traffic, brand safety and suitability, media quality, campaign reach and performance.