DoubleVerify Holdings, Inc. (NYSE:DV) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts maintain a “Hold” consensus on DoubleVerify, with 14 hold ratings and two buy ratings. The average 12-month price target is $13.52, while several firms recently downgraded the stock or lowered their targets to approximately $13.60.
• DoubleVerify reported quarterly EPS of $0.22, exceeding the $0.11 analyst estimate, although revenue of $193.79 million fell short of the $202.23 million consensus estimate. Revenue still increased 2.5% year over year.
• The stock opened at $13.52, near its 52-week high of $13.65, with a market capitalization of $2.10 billion. Institutional investors own a substantial 97.29% of outstanding shares.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have earned a consensus recommendation of "Hold" from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.52.

A number of research firms recently commented on DV. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $13.60 price target on shares of DoubleVerify in a research report on Friday, August 21st. Canaccord Genuity Group cut shares of DoubleVerify from a "buy" rating to a "hold" rating and decreased their price objective for the company from $16.00 to $13.60 in a research note on Friday, August 7th. Nomura set a $13.60 target price on DoubleVerify in a research note on Friday, August 7th. BMO Capital Markets set a $13.60 price target on shares of DoubleVerify in a report on Friday, August 7th. Finally, Raymond James Financial lowered shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a report on Friday, August 7th.

DoubleVerify Stock Performance

Shares of DV opened at $13.52 on Tuesday. The company has a market capitalization of $2.10 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50. DoubleVerify has a one year low of $7.64 and a one year high of $13.65. The company's fifty day moving average price is $13.29 and its 200 day moving average price is $11.49.

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

Institutional Trading of DoubleVerify

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of DoubleVerify by 19.6% during the second quarter. BlackRock Inc. now owns 23,152,508 shares of the company's stock worth $250,973,000 after acquiring an additional 3,799,956 shares in the last quarter. Bank of America Corp DE bought a new position in DoubleVerify in the 2nd quarter valued at about $31,333,000. State Street Corp lifted its position in DoubleVerify by 23.3% in the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company's stock valued at $58,267,000 after acquiring an additional 1,014,027 shares in the last quarter. Man Group plc bought a new position in DoubleVerify in the 2nd quarter valued at about $9,026,000. Finally, SG Americas Securities LLC boosted its stake in DoubleVerify by 1,278.9% during the 1st quarter. SG Americas Securities LLC now owns 862,047 shares of the company's stock valued at $8,189,000 after purchasing an additional 799,528 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc is a software and data analytics company that provides measurement, verification and optimization services for digital advertising. Its platform helps advertisers, agencies, publishers and digital media platforms evaluate whether advertising was delivered to legitimate audiences, appeared in suitable environments and had an opportunity to be viewed.

The company's products and services address areas including ad fraud, viewability, brand safety and suitability, contextual targeting, media quality and campaign performance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.