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

DoubleVerify Holdings, Inc. (NYSE:DV) has earned an average rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $16.3824.

DV has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of DoubleVerify from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. JMP Securities reiterated a “market outperform” rating and set a $20.00 price target on shares of DoubleVerify in a research report on Tuesday, September 2nd. Royal Bank Of Canada cut their price target on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Finally, Stifel Nicolaus lowered their price objective on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, November 10th.

DoubleVerify Stock Performance

DV stock opened at $11.18 on Wednesday. The stock’s 50 day simple moving average is $10.92 and its 200 day simple moving average is $13.31. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $23.11. The firm has a market cap of $1.80 billion, a P/E ratio of 44.70, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The firm had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, equities research analysts predict that DoubleVerify will post 0.36 EPS for the current year.

Institutional Trading of DoubleVerify

Hedge funds have recently bought and sold shares of the company. TradeLink Capital LLC bought a new position in DoubleVerify during the 2nd quarter valued at $607,000. Gagnon Securities LLC increased its stake in DoubleVerify by 280.9% in the 2nd quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock worth $5,464,000 after purchasing an additional 269,170 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of DoubleVerify by 18.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 768,230 shares of the company’s stock valued at $11,500,000 after acquiring an additional 117,161 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of DoubleVerify by 99.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock valued at $22,417,000 after purchasing an additional 747,252 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in DoubleVerify by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock worth $246,891,000 after acquiring an additional 984,779 shares during the period. 97.29% of the stock is currently owned by institutional investors.

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.