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

Shares of DoubleVerify Holdings, Inc. (NYSE:DVGet Free Report) have received an average rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.9412.

Several research firms have weighed in on DV. Zacks Research cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Barclays reiterated an “equal weight” rating and issued a $12.00 price target on shares of DoubleVerify in a report on Monday, January 12th. Truist Financial decreased their price objective on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a report on Monday, November 10th. Scotiabank reaffirmed an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. Finally, Morgan Stanley boosted their price target on shares of DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th.

Read Our Latest Analysis on DoubleVerify

Institutional Investors Weigh In On DoubleVerify

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in DoubleVerify by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after purchasing an additional 360,055 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of DoubleVerify by 1.3% in the 4th quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock worth $64,986,000 after buying an additional 74,051 shares during the period. AQR Capital Management LLC increased its stake in shares of DoubleVerify by 123.4% in the 4th quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after acquiring an additional 2,902,169 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in DoubleVerify by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,970,550 shares of the company’s stock valued at $45,424,000 after acquiring an additional 234,139 shares during the period. Finally, Van Berkom & Associates Inc. boosted its stake in DoubleVerify by 2.6% during the third quarter. Van Berkom & Associates Inc. now owns 3,739,071 shares of the company’s stock worth $44,794,000 after acquiring an additional 95,235 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Trading Up 11.0%

Shares of NYSE DV opened at $10.58 on Monday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 0.70 and a beta of 0.98. DoubleVerify has a 1-year low of $7.64 and a 1-year high of $17.08. The stock’s 50-day moving average is $10.45 and its 200 day moving average is $11.61.

DoubleVerify (NYSE:DVGet Free Report) last announced its quarterly earnings data 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 net margin of 6.77% and a return on equity of 7.50%. The business had revenue of $205.59 million during the quarter, compared to analysts’ expectations of $208.77 million. During the same period last year, the company posted $0.13 EPS. DoubleVerify’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

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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.

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