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

Key Points

• Analyst sentiment is mostly neutral: 14 of 16 analysts rate DoubleVerify “Hold,” while two recommend buying; the average 12-month price target is $13.52, close to the cited share price of $13.55.
• Several firms recently downgraded the stock to neutral or hold, with price targets around $13.60.
• In its latest reported quarter, DoubleVerify posted EPS of $0.22, beating the $0.11 consensus, but revenue of $193.79 million fell short of estimates; revenue was up 2.5% year over year.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have been given an average recommendation of "Hold" by the sixteen analysts that are covering the company, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.52.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of DoubleVerify from an "overweight" rating to a "neutral" rating and set a $13.60 price objective on the stock. in a report on Friday, August 21st. Royal Bank Of Canada downgraded shares of DoubleVerify from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $14.00 to $13.60 in a research note on Friday, August 7th. Citizens Jmp cut DoubleVerify from a "market outperform" rating to a "hold" rating in a research report on Friday, August 7th. Truist Financial lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and decreased their price target for the stock from $16.00 to $13.60 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 Price Performance

Shares of NYSE:DV opened at $13.55 on Friday. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $13.65. The company has a market cap of $2.12 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. The company has a quick ratio of 4.50, a current ratio of 4.69 and a debt-to-equity ratio of 0.01. The company's fifty day moving average is $13.47 and its two-hundred day moving average is $11.39.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.11. DoubleVerify had a return on equity of 7.25% and a net margin of 8.22%. The business had revenue of $193.79 million for the quarter, compared to analyst estimates of $202.23 million. During the same quarter in the previous year, the company posted $0.05 EPS. DoubleVerify's quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that DoubleVerify will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Investment Strategies LLC acquired a new position in DoubleVerify during the 1st quarter valued at about $3,246,000. Jupiter Topco LLC purchased a new position in DoubleVerify during the second quarter worth about $675,000. State Street Corp lifted its holdings in DoubleVerify by 23.3% in the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company's stock worth $58,267,000 after buying an additional 1,014,027 shares in the last quarter. Quantinno Capital Management LP raised its stake in DoubleVerify by 181.5% during the first quarter. Quantinno Capital Management LP now owns 426,329 shares of the company's stock worth $4,050,000 after acquiring an additional 274,896 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of DoubleVerify in the 1st quarter worth approximately $1,687,000. 97.29% of the stock is owned by institutional investors.

About DoubleVerify

DoubleVerify Holdings, Inc NYSE: DV 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 viewable, delivered in suitable environments and seen by legitimate audiences.

The company's solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.

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