DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Rating of “Moderate Buy” by Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $16.00.

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Royal Bank Of Canada dropped their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently modified their holdings of DV. Bank of Montreal Can lifted its position in shares of DoubleVerify by 2,028.9% during the 4th quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock worth $41,756,000 after buying an additional 3,478,542 shares during the last quarter. AQR Capital Management LLC grew its position in DoubleVerify by 123.4% in the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after acquiring an additional 2,902,169 shares during the last quarter. Cooper Creek Partners Management LLC bought a new position in DoubleVerify in the second quarter valued at about $38,325,000. SG Capital Management LLC raised its stake in DoubleVerify by 202.1% during the fourth quarter. SG Capital Management LLC now owns 1,020,892 shares of the company’s stock worth $11,679,000 after acquiring an additional 2,020,892 shares in the last quarter. Finally, Boston Partners bought a new position in shares of DoubleVerify in the fourth quarter worth about $20,642,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE DV opened at $9.94 on Friday. The business has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $10.77. The stock has a market capitalization of $1.61 billion, a PE ratio of 33.12, a P/E/G ratio of 1.11 and a beta of 0.99. DoubleVerify has a fifty-two week low of $7.64 and a fifty-two week high of $16.82.

DoubleVerify (NYSE:DV) last released its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $205.59 million for the quarter, compared to analyst estimates of $208.77 million. DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. On average, equities analysts expect that DoubleVerify will post 0.36 EPS 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.