DoubleVerify (NYSE:DV) Rating Increased to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. upgraded DoubleVerify's rating from "neutral" to "overweight," setting a price target of $19.00, indicating a potential upside of 24.26% from its current price.
• DoubleVerify has a debt-to-equity ratio of 0.01 and a market capitalization of $2.48 billion, reflecting solid financial stability.
• Approximately 97.29% of DoubleVerify's stock is owned by institutional investors, showcasing strong investor confidence in the company.

DoubleVerify (NYSE:DV - Get Free Report) was upgraded by equities research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm presently has a $19.00 price objective on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 24.26% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus boosted their target price 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. The Goldman Sachs Group cut their target price on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. JMP Securities restated a "market outperform" rating and set a $20.00 target price on shares of DoubleVerify in a research report on Thursday, June 12th. Finally, Morgan Stanley cut their target price on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $18.92.

DoubleVerify Stock Down 1.8%

Shares of DoubleVerify stock opened at $15.29 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.72 and a current ratio of 3.72. The stock has a market capitalization of $2.48 billion, a PE ratio of 54.61, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11. The company has a 50-day simple moving average of $14.82 and a two-hundred day simple moving average of $15.76.

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

Hedge Funds Weigh In On DoubleVerify

Hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of DoubleVerify by 582.9% during the first 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 last quarter. Parallel Advisors LLC boosted its position in shares of DoubleVerify by 572.1% during the second 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 last quarter. Quadrant Capital Group LLC boosted its position in shares of DoubleVerify by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after acquiring an additional 1,285 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of DoubleVerify during the first quarter worth $40,000. Finally, Farther Finance Advisors LLC boosted its position in shares of DoubleVerify by 3,035.6% during the second 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 last quarter. 97.29% of the stock is currently owned by institutional investors.

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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