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

Shares of DoubleVerify Holdings, Inc. (NYSE:DVGet Free Report) have received a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.9412.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. 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 note on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Barclays reiterated an “equal weight” rating and issued a $12.00 price objective on shares of DoubleVerify in a report on Monday, January 12th.

Read Our Latest Stock Report on DV

Key Stories Impacting DoubleVerify

Here are the key news stories impacting DoubleVerify this week:

Institutional Inflows and Outflows

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

DoubleVerify Stock Up 11.0%

DV stock opened at $10.58 on Monday. The business has a 50 day moving average of $10.45 and a 200 day moving average of $11.61. DoubleVerify has a twelve month low of $7.64 and a twelve month high of $17.08. The firm has a market cap of $1.71 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.98.

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

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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Analyst Recommendations for DoubleVerify (NYSE:DV)

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