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

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-one research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.86.

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group reduced their price target on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Barclays reduced their price objective on shares of DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Raymond James Financial dropped their target price on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Cannonball Research lowered DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Finally, Wells Fargo & Company set a $13.00 price objective on DoubleVerify and gave the stock an "underweight" rating in a research note on Thursday, June 12th.

Institutional Trading of DoubleVerify

Large investors have recently bought and sold shares of the business. New York State Common Retirement Fund boosted its stake in DoubleVerify by 14.8% during the fourth quarter. New York State Common Retirement Fund now owns 506,427 shares of the company's stock worth $9,728,000 after buying an additional 65,270 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of DoubleVerify by 24.9% during the 4th quarter. Handelsbanken Fonder AB now owns 31,600 shares of the company's stock worth $607,000 after acquiring an additional 6,300 shares during the period. Impax Asset Management Group plc acquired a new position in shares of DoubleVerify during the 4th quarter valued at about $657,000. Impact Investors Inc purchased a new stake in shares of DoubleVerify in the fourth quarter valued at about $843,000. Finally, Bridges Investment Management Inc. increased its position in DoubleVerify by 163.3% during the fourth quarter. Bridges Investment Management Inc. now owns 26,974 shares of the company's stock worth $518,000 after purchasing an additional 16,731 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

NYSE DV opened at $14.84 on Wednesday. The business has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $16.57. DoubleVerify has a 1-year low of $11.52 and a 1-year high of $23.11. The stock has a market capitalization of $2.41 billion, a PE ratio of 52.98, a P/E/G ratio of 2.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. On average, research analysts predict that DoubleVerify will post 0.36 EPS for the current fiscal year.

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.

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