DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Rating of “Hold” by Brokerages

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.3824.

A number of research analysts have recently weighed in on DV shares. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price target on shares of DoubleVerify in a research report on Tuesday, September 2nd. Barclays decreased their target price on DoubleVerify from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company decreased their price objective on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, October 8th.

Insider Buying and Selling at DoubleVerify

In related news, insider Andrew E. Grimmig sold 4,096 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the completion of the transaction, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,488 shares of company stock worth $157,255 over the last 90 days. Company insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in DoubleVerify by 5.6% during 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% during 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 during the last quarter. Burgundy Asset Management Ltd. grew its position in shares of DoubleVerify by 6.5% during the 1st quarter. Burgundy Asset Management Ltd. now owns 5,225,968 shares of the company’s stock worth $69,871,000 after buying an additional 319,055 shares during the period. Van Berkom & Associates Inc. grew its position in shares of DoubleVerify by 2.6% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,739,071 shares of the company’s stock worth $44,794,000 after buying an additional 95,235 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in DoubleVerify by 24.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,736,411 shares of the company’s stock valued at $44,764,000 after buying an additional 743,825 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $10.39 on Friday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 41.54, a P/E/G ratio of 1.69 and a beta of 0.98. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $11.37 and a 200 day simple moving average of $13.68.

DoubleVerify (NYSE:DV) last issued its earnings results on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.13. The company had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal 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.