DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Rating of “Moderate Buy” by Brokerages

DoubleVerify Holdings, Inc. (NYSE:DV) has been given a consensus rating of “Moderate Buy” by the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.3824.

Several research firms have recently weighed in on DV. JPMorgan Chase & Co. lowered their price objective on DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, October 21st. Zacks Research upgraded shares of DoubleVerify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Morgan Stanley dropped their price objective on shares of DoubleVerify from $16.50 to $15.00 and set an “equal weight” rating for the company in a report on Monday, November 10th.

DoubleVerify Trading Up 1.4%

Shares of DoubleVerify stock opened at $11.08 on Friday. DoubleVerify has a 52-week low of $7.64 and a 52-week high of $23.11. The firm has a market capitalization of $1.78 billion, a PE ratio of 44.30, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. The company’s fifty day moving average price is $10.88 and its two-hundred day moving average price is $12.91.

DoubleVerify (NYSE:DV) last issued its earnings results on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.13. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The business had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. On average, analysts expect that DoubleVerify will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Clearstead Advisors LLC raised its stake in shares of DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after acquiring an additional 1,392 shares during the last quarter. Parallel Advisors LLC lifted its holdings in DoubleVerify by 572.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after buying an additional 2,031 shares in the last quarter. Hantz Financial Services Inc. boosted its position in DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after buying an additional 2,211 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of DoubleVerify in the 2nd quarter valued at $42,000. Finally, Farther Finance Advisors LLC raised its position in shares of DoubleVerify by 3,035.6% during the second quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after acquiring an additional 3,066 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Company Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.