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

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given an average recommendation of “Moderate Buy” by the seventeen analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $15.70.

A number of research firms have weighed in on DV. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. The Goldman Sachs Group boosted their target price on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a research note on Thursday, May 7th. Finally, Wells Fargo & Company lowered their price target on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th.

Institutional Trading of DoubleVerify

Large investors have recently modified their holdings of the business. Fortress Investment Group LLC bought a new position in DoubleVerify during the third quarter worth $5,668,000. Penbrook Management LLC bought a new stake in DoubleVerify during the fourth quarter valued at $1,177,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of DoubleVerify during the third quarter worth $1,419,000. Invenomic Capital Management LP acquired a new stake in shares of DoubleVerify during the third quarter worth $21,671,000. Finally, Crossmark Global Holdings Inc. lifted its position in shares of DoubleVerify by 2,633.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 307,031 shares of the company’s stock worth $3,678,000 after buying an additional 295,800 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Price Performance

Shares of NYSE DV opened at $11.45 on Friday. DoubleVerify has a 1-year low of $7.64 and a 1-year high of $16.82. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 1.37 and a beta of 0.96. The business has a 50-day moving average of $10.31 and a 200-day moving average of $10.36.

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.