DoubleVerify Holdings, Inc. (NYSE:DV) Receives Average Recommendation of "Moderate Buy" from Brokerages

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.31.

Several research analysts have commented on the company. The Goldman Sachs Group cut their price objective on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Loop Capital downgraded DoubleVerify from a "buy" rating to a "hold" rating and dropped their target price for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. Canaccord Genuity Group lowered their price objective on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $18.00 target price on shares of DoubleVerify in a research report on Monday, May 12th.

DoubleVerify Stock Performance

Shares of NYSE:DV traded up $0.33 during trading on Friday, reaching $13.72. 7,478,461 shares of the stock were exchanged, compared to its average volume of 2,315,237. The firm's 50-day moving average price is $13.25 and its 200 day moving average price is $17.23. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. DoubleVerify has a 12-month low of $11.52 and a 12-month high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. DoubleVerify's revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS. As a group, equities research analysts forecast that DoubleVerify will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DV. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DoubleVerify by 10.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company's stock valued at $6,174,000 after buying an additional 43,343 shares during the last quarter. Woodline Partners LP lifted its position in DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company's stock worth $412,000 after purchasing an additional 762 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in DoubleVerify by 14.0% during the first quarter. Dynamic Technology Lab Private Ltd now owns 63,488 shares of the company's stock valued at $849,000 after buying an additional 7,782 shares in the last quarter. Teza Capital Management LLC grew its stake in shares of DoubleVerify by 21.1% in the 1st quarter. Teza Capital Management LLC now owns 26,827 shares of the company's stock worth $359,000 after purchasing an additional 4,673 shares during the last quarter. Finally, Newtyn Management LLC bought a new position in shares of DoubleVerify in the first quarter valued at $11,953,000. 97.29% of the stock is owned by institutional investors and hedge funds.

About DoubleVerify

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.