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

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned an average rating of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.8750.

DV has been the topic of several recent research reports. Zacks Research lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada dropped their price objective on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Barclays reissued an “equal weight” rating and set a $12.00 target price on shares of DoubleVerify in a research report on Monday, January 12th. Wells Fargo & Company raised their price target on shares of DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a report on Monday, March 2nd. Finally, Canaccord Genuity Group cut their price objective on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th.

DoubleVerify Stock Down 0.3%

DV opened at $9.83 on Friday. DoubleVerify has a 52-week low of $7.64 and a 52-week high of $16.82. The company has a 50 day moving average of $10.12 and a two-hundred day moving average of $10.93. The company has a market cap 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 issued 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 business had revenue of $205.59 million during the quarter, compared to analysts’ expectations of $208.77 million. DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. Research analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Trading of DoubleVerify

Hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC increased its stake in shares of DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after buying an additional 1,392 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in 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 acquiring an additional 1,492 shares in the last quarter. UMB Bank n.a. boosted its stake in DoubleVerify by 124.3% during the 4th 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 during the last quarter. Hantz Financial Services Inc. grew its holdings in DoubleVerify by 178.9% during the 3rd 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 in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in DoubleVerify during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

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.