DoubleVerify (NYSE:DV) Given “Market Outperform” Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of DoubleVerify (NYSE:DV) in a research report released on Thursday,Benzinga reports. The firm currently has a $20.00 price target on the stock.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus raised their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James lowered their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Robert W. Baird reissued a “neutral” rating and issued a $14.00 price target (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Baird R W lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 28th. Finally, Royal Bank of Canada decreased their target price on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.86.

DoubleVerify Stock Down 0.3%

Shares of NYSE DV opened at $14.90 on Thursday. The firm has a market cap of $2.42 billion, a PE ratio of 40.27, a P/E/G ratio of 2.63 and a beta of 1.03. DoubleVerify has a 12-month low of $11.52 and a 12-month high of $23.11. The company’s fifty day simple moving average is $13.52 and its 200 day simple moving average is $16.94.

DoubleVerify (NYSE:DV) last issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The company had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. On average, equities analysts predict that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock valued at $246,891,000 after purchasing an additional 984,779 shares in the last quarter. Mackenzie Financial Corp raised its holdings in DoubleVerify by 1.6% in the 1st quarter. Mackenzie Financial Corp now owns 5,752,688 shares of the company’s stock worth $76,913,000 after purchasing an additional 91,405 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in DoubleVerify by 6.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 5,225,968 shares of the company’s stock worth $69,871,000 after purchasing an additional 319,055 shares in the last quarter. AQR Capital Management LLC raised its holdings in DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock worth $50,002,000 after purchasing an additional 592,435 shares in the last quarter. Finally, Geneva Capital Management LLC raised its holdings in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after purchasing an additional 19,684 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.