DoubleVerify Holdings, Inc. (NYSE:DV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $15.8750.

A number of research firms recently commented on DV. Wells Fargo & Company increased their price objective on DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada reduced their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Canaccord Genuity Group decreased their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Finally, Zacks Research lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th.

Institutional Inflows and Outflows

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

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $9.83 on Friday. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $16.82. The business has a 50 day moving average price of $10.12 and a 200 day moving average price of $10.93. The company has a market capitalization of $1.59 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.12 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its earnings results on Thursday, February 26th. The company reported $0.31 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 company had revenue of $205.59 million for the quarter, compared to analyst estimates of $208.77 million. During the same quarter last year, the company posted $0.13 EPS. DoubleVerify’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that DoubleVerify will post 0.36 EPS for the current fiscal year.

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.