DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Rating of “Hold” by Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned a consensus rating of “Hold” from the twenty-one analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.4118.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, October 21st. Truist Financial cut their price objective on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th. JPMorgan Chase & Co. decreased their target price on DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Needham & Company LLC cut their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, January 21st.

Institutional Trading of DoubleVerify

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in 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 buying an additional 360,055 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of DoubleVerify by 2.6% in the third quarter. Van Berkom & Associates Inc. now owns 3,739,071 shares of the company’s stock worth $44,794,000 after acquiring an additional 95,235 shares during the last quarter. Dimensional Fund Advisors LP increased its position in DoubleVerify by 24.9% during the third quarter. Dimensional Fund Advisors LP now owns 3,736,411 shares of the company’s stock worth $44,764,000 after acquiring an additional 743,825 shares during the period. Assenagon Asset Management S.A. increased its position in DoubleVerify by 40.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock worth $43,397,000 after acquiring an additional 1,049,726 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its stake in DoubleVerify by 42.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,895,694 shares of the company’s stock valued at $34,690,000 after purchasing an additional 863,899 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.3%

NYSE DV opened at $9.37 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The company has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $12.19. DoubleVerify has a one year low of $7.64 and a one year high of $23.11. The firm has a market capitalization of $1.51 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 0.62 and a beta of 0.98.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, beating 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 company had revenue of $188.62 million for the quarter, compared to analysts’ expectations of $190.43 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities analysts forecast that DoubleVerify will post 0.36 earnings per share for the current year.

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.