DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts broadly rate DoubleVerify “Hold”: Thirteen of 16 analysts have a hold rating, compared with two buys and one sell. The average 12-month price target is $13.95.
• Quarterly results were mixed: DoubleVerify reported adjusted earnings of $0.22 per share, beating estimates of $0.11, while revenue of $193.79 million fell short of the $202.23 million consensus estimate. Revenue still grew 2.5% year over year.
• Institutional ownership remains high: Institutional investors and hedge funds own 97.29% of the company, with several funds recently initiating or increasing positions.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have received an average recommendation of "Hold" from the sixteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.9533.

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their price objective on DoubleVerify from $10.50 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Royal Bank Of Canada lowered DoubleVerify from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $14.00 to $13.60 in a research report on Friday, August 7th. Scotiabank cut DoubleVerify from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $15.00 to $13.60 in a report on Friday, August 7th. Wells Fargo & Company raised shares of DoubleVerify from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $8.00 to $13.60 in a research report on Friday, August 7th. Finally, Citizens Jmp lowered shares of DoubleVerify from a "market outperform" rating to a "hold" rating in a research note on Friday, August 7th.

DoubleVerify Stock Performance

NYSE:DV opened at $13.31 on Monday. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $16.44. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 1.39 and a beta of 0.97. The firm has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $10.60.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. Analysts expect that DoubleVerify will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of DoubleVerify in the 2nd quarter worth about $27,000. Quadrant Capital Group LLC lifted its position in DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company's stock valued at $28,000 after acquiring an additional 1,492 shares in the last quarter. Nykredit A S acquired a new position in DoubleVerify during the 2nd quarter valued at about $32,000. UMB Bank n.a. boosted its stake in DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company's stock valued at $32,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in DoubleVerify during the 2nd quarter worth approximately $36,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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