Canaccord Genuity Group Has Lowered Expectations for DoubleVerify (NYSE:DV) Stock Price

DoubleVerify (NYSE:DVGet Free Report) had its price objective cut by equities research analysts at Canaccord Genuity Group from $18.00 to $16.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 51.30% from the stock’s current price.

Several other research analysts have also recently issued reports on DV. Needham & Company LLC reduced their price objective on DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Truist Financial reduced their price target on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Stifel Nicolaus decreased their price objective on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Scotiabank reiterated an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.94.

Get Our Latest Stock Analysis on DoubleVerify

DoubleVerify Trading Up 11.0%

NYSE:DV opened at $10.58 on Friday. The company has a market capitalization of $1.70 billion, a P/E ratio of 35.25, a PEG ratio of 0.70 and a beta of 0.98. 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 has a 12 month low of $7.64 and a 12 month high of $17.08. The firm has a fifty day simple moving average of $10.45 and a 200-day simple moving average of $11.64.

DoubleVerify (NYSE:DVGet Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a return on equity of 7.62% and a net margin of 6.77%.The firm had revenue of $205.59 million during the quarter, compared to analysts’ expectations of $208.77 million. During the same quarter last year, the business earned $0.13 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently modified their holdings of DV. Clearstead Advisors LLC boosted its position in DoubleVerify by 210.0% during the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after purchasing an additional 1,392 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of DoubleVerify by 154.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after buying an additional 1,492 shares during the last quarter. UMB Bank n.a. raised its stake in shares of DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after buying an additional 1,528 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after buying an additional 2,211 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in DoubleVerify in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify News Roundup

Here are the key news stories impacting DoubleVerify this week:

DoubleVerify Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for DoubleVerify (NYSE:DV)

Receive News & Ratings for DoubleVerify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleVerify and related companies with MarketBeat.com's FREE daily email newsletter.