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

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.70.

A number of research analysts have recently weighed in on DV shares. Raymond James Financial reissued an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a report on Thursday, May 7th. Royal Bank Of Canada cut their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company cut their price objective on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. The Goldman Sachs Group increased their price objective on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $10.47 on Wednesday. The business’s 50-day moving average is $10.16 and its 200 day moving average is $10.37. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $16.82. The firm has a market capitalization of $1.61 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.15 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC increased its holdings in shares of DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after purchasing an additional 1,392 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after purchasing an additional 1,492 shares during the period. UMB Bank n.a. increased its holdings 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 purchasing an additional 1,528 shares during the period. Hantz Financial Services Inc. increased its holdings 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 valued at $41,000 after purchasing an additional 2,211 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of DoubleVerify by 121.9% in the fourth quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock valued at $54,000 after purchasing an additional 2,581 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

About DoubleVerify

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.