DoubleVerify Holdings, Inc. (NYSE:DV) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on DoubleVerify, with 14 of 16 covering firms recommending hold and two recommending buy. The average 12-month price target is $13.52.
• DoubleVerify reported quarterly EPS of $0.22, beating estimates of $0.11, while revenue of $193.79 million fell short of the $202.23 million consensus estimate but increased 2.5% year over year.
• The stock opened at $13.46 and is near its 52-week high of $13.65; institutional investors and hedge funds own approximately 97.29% of the company’s shares.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have received a consensus recommendation of "Hold" from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Fourteen investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.5214.

Several analysts have commented on DV shares. Nomura set a $13.60 target price on shares of DoubleVerify in a research note on Friday, August 7th. Wells Fargo & Company upgraded DoubleVerify from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $8.00 to $13.60 in a report on Friday, August 7th. Scotiabank lowered DoubleVerify from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $15.00 to $13.60 in a research note on Friday, August 7th. Raymond James Financial downgraded DoubleVerify from an "outperform" rating to a "market perform" rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of DoubleVerify from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, September 2nd.

DoubleVerify Stock Performance

NYSE DV opened at $13.46 on Friday. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. DoubleVerify has a fifty-two week low of $7.64 and a fifty-two week high of $13.65. The business has a fifty day moving average of $12.58 and a 200-day moving average of $11.11. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99.

DoubleVerify (NYSE:DV - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. The firm had revenue of $193.79 million during the quarter, compared to the consensus estimate of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, analysts predict that DoubleVerify will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors and hedge funds have recently bought and sold shares of DV. Quantbot Technologies LP acquired a new position in shares of DoubleVerify during the second quarter worth $27,000. Nykredit A S acquired a new stake in DoubleVerify during the 2nd quarter valued at $32,000. Bayforest Capital Ltd purchased a new stake in DoubleVerify during the 2nd quarter worth $36,000. Clearstead Advisors LLC lifted its holdings in DoubleVerify by 81.2% in the 4th quarter. Clearstead Advisors LLC now owns 3,724 shares of the company's stock worth $43,000 after buying an additional 1,669 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in DoubleVerify in the 2nd quarter worth $52,000. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are delivered in appropriate environments, viewed by real users and displayed as intended across digital channels.

The company's solutions address areas including viewability, fraud and invalid traffic, brand safety and suitability, media quality, campaign reach and performance.

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