DoubleVerify Holdings, Inc. (NYSE:DV) Receives $13.95 Consensus Target Price from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has earned an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.9533.

DV has been the subject of a number of research reports. Citizens Jmp cut shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th. Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Canaccord Genuity Group downgraded DoubleVerify from a “buy” rating to a “hold” rating and decreased their target price for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $13.60 target price on shares of DoubleVerify in a research note on Friday, August 21st. Finally, BMO Capital Markets set a $13.60 target price on DoubleVerify in a report on Friday, August 7th.

Institutional Trading of DoubleVerify

Several institutional investors have recently added to or reduced their stakes in DV. Vanguard Group Inc. increased its position in shares of DoubleVerify by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after purchasing an additional 360,055 shares during the last quarter. Diversified Investment Strategies LLC bought a new position in shares of DoubleVerify during the first quarter worth about $3,246,000. Empowered Funds LLC bought a new position in shares of DoubleVerify during the first quarter worth about $1,687,000. Quantinno Capital Management LP grew its stake in DoubleVerify by 181.5% in the first quarter. Quantinno Capital Management LP now owns 426,329 shares of the company’s stock worth $4,050,000 after purchasing an additional 274,896 shares in the last quarter. Finally, Pale Fire Capital SE acquired a new position in DoubleVerify in the first quarter worth about $1,050,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

Shares of DV opened at $13.37 on Monday. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $16.44. The stock has a market cap of $2.07 billion, a P/E ratio of 37.14, a PEG ratio of 1.45 and a beta of 0.98. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $11.90 and a two-hundred day moving average of $10.72.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. The company had revenue of $193.79 million during the quarter, compared to the consensus estimate of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.DoubleVerify’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. As a group, research analysts predict that DoubleVerify will post 0.59 EPS for the current fiscal year.

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.