DoubleVerify’s (DV) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of DoubleVerify (NYSE:DV) in a research report released on Thursday,Benzinga reports. They currently have a $18.00 price target on the stock.

DV has been the topic of several other research reports. Barclays decreased their price target on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Robert W. Baird restated a “neutral” rating and set a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. The Goldman Sachs Group reduced their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Stifel Nicolaus reduced their target price on shares of DoubleVerify from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

DoubleVerify Trading Down 0.3%

NYSE:DV opened at $14.90 on Thursday. DoubleVerify has a 12 month low of $11.52 and a 12 month high of $23.11. The company has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $16.94. The company has a market cap of $2.42 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

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

Hedge Funds Weigh In On DoubleVerify

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of DoubleVerify by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock valued at $6,174,000 after buying an additional 43,343 shares during the last quarter. Woodline Partners LP raised its position in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after acquiring an additional 762 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of DoubleVerify by 14.0% in the first quarter. Dynamic Technology Lab Private Ltd now owns 63,488 shares of the company’s stock worth $849,000 after acquiring an additional 7,782 shares during the period. Teza Capital Management LLC raised its position in shares of DoubleVerify by 21.1% during the 1st quarter. Teza Capital Management LLC now owns 26,827 shares of the company’s stock worth $359,000 after purchasing an additional 4,673 shares during the last quarter. Finally, Newtyn Management LLC acquired a new position in shares of DoubleVerify during the 1st quarter worth about $11,953,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

About DoubleVerify

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.