DoubleVerify Holdings, Inc. (NYSE:DV) Receives Average Rating of “Moderate Buy” from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has received an average rating of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $18.92.

DV has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of DoubleVerify in a report on Thursday, June 12th. Truist Financial restated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. Canaccord Genuity Group decreased their target price on DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Raymond James Financial lowered their price objective on DoubleVerify from $22.00 to $16.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. Finally, Stifel Nicolaus upped their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors and hedge funds have recently bought and sold shares of DV. Signaturefd LLC increased its stake in shares of DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after acquiring an additional 1,982 shares during the period. Parallel Advisors LLC increased its position in shares of DoubleVerify by 572.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after purchasing an additional 2,031 shares during the period. Quadrant Capital Group LLC raised its stake in shares of DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after buying an additional 1,285 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of DoubleVerify in the 1st quarter worth $40,000. Finally, Allianz SE acquired a new stake in shares of DoubleVerify in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $15.38 on Friday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 2.33 and a beta of 1.05. DoubleVerify has a one year low of $11.52 and a one year high of $23.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. The business’s fifty day moving average is $14.57 and its 200-day moving average is $15.98.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The company had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Equities research analysts predict that DoubleVerify will post 0.36 EPS for the current year.

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.