DoubleVerify (NYSE:DV) Lowered to “Hold” Rating by Barclays

DoubleVerify (NYSE:DV) was downgraded by analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company cut their price objective on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. JPMorgan Chase & Co. lowered their price objective on DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Truist Financial dropped their price objective on DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Needham & Company LLC reduced their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

DoubleVerify Price Performance

DV stock opened at $10.86 on Monday. The firm has a market cap of $1.75 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11. The stock has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $12.87.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm had revenue of $188.62 million during the quarter, compared to analysts’ expectations of $190.43 million. During the same quarter in the prior year, the business earned $0.10 EPS. DoubleVerify’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of DoubleVerify

Several institutional investors have recently added to or reduced their stakes in the business. Clearstead Advisors LLC lifted its position in shares of DoubleVerify by 210.0% in the 3rd 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. Parallel Advisors LLC raised its stake in DoubleVerify by 572.1% during the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after acquiring an additional 2,031 shares during the period. Elevation Point Wealth Partners LLC bought a new position in DoubleVerify in the second quarter worth about $42,000. Farther Finance Advisors LLC boosted its stake in DoubleVerify by 3,035.6% in the second quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock valued at $47,000 after acquiring an additional 3,066 shares during the period. Finally, GAMMA Investing LLC boosted its stake in DoubleVerify by 176.7% in the second quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock valued at $51,000 after acquiring an additional 2,180 shares during the period. Institutional investors own 97.29% of the company’s stock.

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.