DoubleVerify (NYSE:DV) Upgraded 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.

JPMorgan Chase & Co. upgraded shares of DoubleVerify (NYSE:DV - Free Report) from a neutral rating to an overweight rating in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have $19.00 price objective on the stock, up from their previous price objective of $18.00.

Several other equities research analysts have also commented on DV. Raymond James Financial decreased their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley lowered their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Canaccord Genuity Group lowered their price objective on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company set a $13.00 price objective on shares of DoubleVerify and gave the company an "underweight" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and an average target price of $18.92.

DoubleVerify Price Performance

NYSE:DV traded up $0.06 during trading hours on Friday, hitting $15.51. The company's stock had a trading volume of 2,400,736 shares, compared to its average volume of 2,432,579. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11. 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 business's 50-day moving average is $14.90 and its two-hundred day moving average is $15.66. The company has a market capitalization of $2.52 billion, a PE ratio of 55.39, a PEG ratio of 2.30 and a beta of 1.05.

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). DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The company had revenue of $165.06 million during the quarter, compared to analysts' expectations of $153.07 million. During the same quarter in the prior year, the business earned $0.04 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts anticipate that DoubleVerify will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake 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 valued at $39,000 after acquiring an additional 1,285 shares in the last quarter. Signaturefd LLC grew its stake in shares of DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after acquiring an additional 1,982 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of DoubleVerify by 572.1% during the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company's stock valued at $36,000 after acquiring an additional 2,031 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of DoubleVerify during the first quarter valued at about $40,000. Finally, Farther Finance Advisors LLC grew its stake 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 valued at $47,000 after acquiring an additional 3,066 shares in the last quarter. 97.29% of the stock is currently 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.