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

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received an average recommendation of “Hold” from the twenty-one brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.4118.

Several equities research analysts have weighed in on the company. Barclays reissued an “equal weight” rating and set a $12.00 price objective on shares of DoubleVerify in a research note on Monday, January 12th. Wells Fargo & Company dropped their target price on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. Needham & Company LLC cut their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. The Goldman Sachs Group restated a “neutral” rating and set a $13.50 price target on shares of DoubleVerify in a report on Tuesday, October 14th. Finally, Truist Financial lowered their price target on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th.

DoubleVerify Price Performance

DoubleVerify stock opened at $9.85 on Thursday. DoubleVerify has a 52-week low of $7.64 and a 52-week high of $23.11. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $10.94 and its 200 day moving average is $12.34. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 0.65 and a beta of 0.98.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $190.43 million. During the same period last year, the company posted $0.10 EPS. The business’s revenue was up 11.2% on a year-over-year basis. Sell-side analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Large investors have recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in DoubleVerify in the 1st quarter worth about $154,000. Woodline Partners LP boosted its position in DoubleVerify by 2.5% in the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DoubleVerify by 10.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after acquiring an additional 43,343 shares in the last quarter. Gagnon Advisors LLC increased its position in shares of DoubleVerify by 362.1% during the second quarter. Gagnon Advisors LLC now owns 312,885 shares of the company’s stock worth $4,684,000 after acquiring an additional 245,180 shares during the period. Finally, Gagnon Securities LLC increased its position in shares of DoubleVerify by 280.9% during the second quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock worth $5,464,000 after acquiring an additional 269,170 shares during the period. 97.29% of the stock is owned by hedge funds and other 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.