DoubleVerify Holdings, Inc. (NYSE:DV) Receives $16.38 Average PT from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been given an average recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.4118.

Several brokerages recently issued reports on DV. Morgan Stanley upped their target price on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. JPMorgan Chase & Co. decreased their price objective on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Canaccord Genuity Group dropped their target price on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Wells Fargo & Company cut their price target on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 21st.

DoubleVerify Trading Down 0.9%

NYSE DV opened at $10.54 on Friday. The company’s 50-day moving average price is $10.85 and its 200-day moving average price is $12.81. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $23.11. The stock has a market cap of $1.70 billion, a PE ratio of 42.15, a PEG ratio of 0.70 and a beta of 0.98.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The business had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. During the same quarter in the previous year, the business posted $0.10 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast that DoubleVerify will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On DoubleVerify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TradeLink Capital LLC acquired a new stake in shares of DoubleVerify during the second quarter worth about $607,000. Gagnon Securities LLC raised its position in DoubleVerify by 280.9% during the 2nd quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock worth $5,464,000 after buying an additional 269,170 shares during the last quarter. JPMorgan Chase & Co. raised its position in DoubleVerify by 18.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 768,230 shares of the company’s stock worth $11,500,000 after buying an additional 117,161 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of DoubleVerify by 99.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock valued at $22,417,000 after acquiring an additional 747,252 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of DoubleVerify by 58.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 136,978 shares of the company’s stock valued at $2,051,000 after acquiring an additional 50,306 shares during the last quarter. Hedge funds and other 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.