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

DoubleVerify Holdings, Inc. (NYSE:DV) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.4118.

A number of research firms have commented on DV. Morgan Stanley raised their price target on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Truist Financial cut their target price on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Needham & Company LLC decreased their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Wells Fargo & Company lowered their price target on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th.

DoubleVerify Trading Up 0.5%

Shares of NYSE:DV opened at $9.85 on Thursday. The stock has a 50 day moving average of $10.94 and a 200 day moving average of $12.34. The company has a market cap of $1.59 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 0.65 and a beta of 0.98. DoubleVerify has a 12-month low of $7.64 and a 12-month 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.

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

Institutional Trading of DoubleVerify

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its position in shares of DoubleVerify by 0.6% during the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock valued at $1,993,000 after purchasing an additional 754 shares in the last quarter. Woodline Partners LP boosted its stake in DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after buying an additional 762 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in DoubleVerify by 5.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock valued at $230,000 after buying an additional 785 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in DoubleVerify by 3.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock valued at $518,000 after buying an additional 1,028 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in DoubleVerify by 9.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 13,707 shares of the company’s stock worth $157,000 after acquiring an additional 1,130 shares during the last quarter. 97.29% of the stock is currently 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.