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

Key Points

• DoubleVerify has received a "market outperform" rating from JMP Securities with a target price of $20.00, suggesting a potential upside of 25.08% from its last closing price.
• Recent earnings reports revealed that the company had a revenue of $189.02 million for the quarter, surpassing expectations, despite a slight miss on earnings per share of $0.05.
• Institutional investors show strong confidence as nearly 97.29% of the stock is owned by hedge funds and other institutional investors, indicating robust interest in DoubleVerify shares.

JMP Securities reiterated their market outperform rating on shares of DoubleVerify (NYSE:DV - Free Report) in a research note released on Tuesday,Benzinga reports. They currently have a $20.00 price target on the stock.

DV has been the subject of several other reports. BMO Capital Markets restated an "outperform" rating and set a $27.00 target price (up from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. Craig Hallum restated a "buy" rating and set a $20.00 target price on shares of DoubleVerify in a research report on Monday, July 7th. Stifel Nicolaus lifted their price target on DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, Raymond James Financial dropped their price target on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DoubleVerify has a consensus rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Price Performance

DoubleVerify stock traded down $0.26 during midday trading on Tuesday, hitting $15.00. 3,287,002 shares of the company's stock were exchanged, compared to its average volume of 1,934,122. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11. The stock has a 50-day moving average price of $15.52 and a two-hundred day moving average price of $14.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 4.41. The company has a market cap of $2.45 billion, a P/E ratio of 51.71, a PEG ratio of 2.28 and a beta of 1.06.

DoubleVerify (NYSE:DV - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.The business had revenue of $189.02 million for the quarter, compared to analysts' expectations of $171.14 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. DoubleVerify's quarterly revenue was up 21.3% compared to the same quarter last year. DoubleVerify has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after acquiring an additional 1,982 shares during the period. Parallel Advisors LLC grew its holdings in shares of DoubleVerify by 572.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company's stock worth $36,000 after acquiring an additional 2,031 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of DoubleVerify during the 2nd quarter worth approximately $42,000. Versant Capital Management Inc purchased a new position in shares of DoubleVerify during the 1st quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of DoubleVerify by 3,035.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company's stock worth $47,000 after acquiring an additional 3,066 shares during the period. Hedge funds and other institutional investors 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.