DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• DoubleVerify Holdings, Inc. has received a consensus rating of "Moderate Buy" from 22 analysts, with 14 recommending to buy and 1 suggesting to sell the stock.
• The company's average price target among analysts is $19.13, while it is currently trading at around $15.41, with a 12-month range of $11.52 to $23.11.
• DoubleVerify reported a revenue of $189.02 million for the last quarter, surpassing analysts' expectations, while its EPS was $0.05, slightly below the forecasted $0.06.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.1316.

A number of brokerages recently weighed in on DV. Morgan Stanley increased their price target on shares of DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Stifel Nicolaus increased their price target on shares of DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. upgraded shares of DoubleVerify from a "neutral" rating to an "overweight" rating and increased their price target for the company from $18.00 to $19.00 in a research report on Friday, August 1st. Canaccord Genuity Group cut their price target on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company set a $13.00 price target on shares of DoubleVerify and gave the company an "underweight" rating in a research report on Thursday, June 12th.

DoubleVerify Stock Up 2.9%

Shares of NYSE:DV opened at $15.41 on Thursday. DoubleVerify has a 12 month low of $11.52 and a 12 month high of $23.11. The company's 50-day moving average price is $15.10 and its two-hundred day moving average price is $15.49. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.52 billion, a P/E ratio of 53.14, a P/E/G ratio of 2.24 and a beta of 1.05.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%. The company had revenue of $189.02 million for the quarter, compared to the consensus estimate of $171.14 million. During the same period in the prior year, the company earned $0.04 EPS. The firm's revenue was up 21.3% compared to the same quarter last year. As a group, research analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in DoubleVerify by 669.2% in the first quarter. SG Americas Securities LLC now owns 45,200 shares of the company's stock valued at $604,000 after purchasing an additional 39,324 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in DoubleVerify by 36.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock worth $1,092,000 after acquiring an additional 21,829 shares in the last quarter. ING Groep NV raised its stake in DoubleVerify by 32.9% during the first quarter. ING Groep NV now owns 503,900 shares of the company's stock worth $6,737,000 after acquiring an additional 124,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in DoubleVerify by 68.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 97,140 shares of the company's stock worth $1,299,000 after acquiring an additional 39,368 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in DoubleVerify by 25.1% during the fourth quarter. Alliancebernstein L.P. now owns 154,160 shares of the company's stock worth $2,961,000 after acquiring an additional 30,948 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.

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