DoubleVerify (NYSE:DV) Earns "Market Outperform" Rating from JMP Securities

DoubleVerify (NYSE:DV - Get Free Report)'s stock had its "market outperform" rating reissued by equities research analysts at JMP Securities in a research report issued on Thursday,Benzinga reports. They currently have a $20.00 price target on the stock. JMP Securities' price target would indicate a potential upside of 34.23% from the company's previous close.

DV has been the subject of a number of other research reports. Canaccord Genuity Group lowered their target price on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Loop Capital lowered DoubleVerify from a "buy" rating to a "hold" rating and lowered their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Cannonball Research lowered DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. The Goldman Sachs Group lowered their target price on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company upped their target price on DoubleVerify from $12.00 to $13.00 and gave the stock an "underweight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, DoubleVerify has an average rating of "Moderate Buy" and an average target price of $18.86.

DoubleVerify Trading Down 0.3%

Shares of NYSE DV traded down $0.05 during trading hours on Thursday, reaching $14.90. The stock had a trading volume of 3,256,134 shares, compared to its average volume of 2,372,858. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 2.63 and a beta of 1.03. The business's fifty day moving average price is $13.52 and its two-hundred day moving average price is $16.94. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The firm had revenue of $165.06 million during the quarter, compared to analysts' expectations of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. Equities research analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds have recently made changes to their positions in DV. SG Americas Securities LLC acquired a new position in shares of DoubleVerify in the 4th quarter valued at $113,000. State of New Jersey Common Pension Fund D increased its position in shares of DoubleVerify by 7.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 108,878 shares of the company's stock valued at $2,092,000 after acquiring an additional 7,208 shares during the period. New York State Common Retirement Fund increased its position in shares of DoubleVerify by 14.8% in the 4th quarter. New York State Common Retirement Fund now owns 506,427 shares of the company's stock valued at $9,728,000 after acquiring an additional 65,270 shares during the period. Alberta Investment Management Corp acquired a new position in shares of DoubleVerify in the 4th quarter valued at $5,844,000. Finally, Ieq Capital LLC increased its position in shares of DoubleVerify by 725.7% in the 4th quarter. Ieq Capital LLC now owns 191,683 shares of the company's stock valued at $3,682,000 after acquiring an additional 168,468 shares during the period. 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.