DoubleVerify Holdings, Inc. (NYSE:DV) Stock Has Average Target Price of $13.52 According to Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $13.52.

Several research analysts have recently issued reports on the company. Truist Financial lowered 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. Nomura set a $13.60 price target on DoubleVerify in a research note on Friday, August 7th. BMO Capital Markets set a $13.60 price objective on DoubleVerify in a report on Friday, August 7th. Wells Fargo & Company raised DoubleVerify from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $8.00 to $13.60 in a research report on Friday, August 7th. Finally, Citizens Jmp lowered DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th.

DoubleVerify Price Performance

DV stock opened at $13.55 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.69 and a quick ratio of 4.50. DoubleVerify has a 1 year low of $8.60 and a 1 year high of $13.65. The firm has a 50-day moving average of $13.48 and a 200 day moving average of $11.41. The company has a market cap of $2.12 billion, a P/E ratio of 33.89, a PEG ratio of 1.46 and a beta of 0.93.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its stake in DoubleVerify by 7.0% during the third quarter. Hantz Financial Services Inc. now owns 14,129 shares of the company’s stock valued at $191,000 after buying an additional 926 shares during the last quarter. Hsbc Holdings PLC grew its holdings in DoubleVerify by 1.5% during the 2nd quarter. Hsbc Holdings PLC now owns 77,453 shares of the company’s stock valued at $839,000 after buying an additional 1,169 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in DoubleVerify by 4.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 30,301 shares of the company’s stock worth $409,000 after acquiring an additional 1,400 shares during the last quarter. Quantbot Technologies LP bought a new stake in DoubleVerify in the 2nd quarter worth approximately $27,000. Finally, Signaturefd LLC increased its stake in DoubleVerify by 52.5% in the 3rd quarter. Signaturefd LLC now owns 7,321 shares of the company’s stock worth $99,000 after acquiring an additional 2,521 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

About DoubleVerify

DoubleVerify Holdings, Inc provides digital media measurement, analytics and optimization services for advertisers, agencies and publishers. Its technology helps clients assess whether digital ads are viewable, free from fraudulent activity and delivered in brand-safe environments across channels such as websites, mobile apps, social media and connected TV.

The company’s offerings include verification and performance measurement tools, as well as products designed to help advertisers evaluate and optimize media campaigns.