DoubleVerify (NYSE:DV) Receives "Buy" Rating from Truist Financial

Truist Financial reaffirmed their buy rating on shares of DoubleVerify (NYSE:DV - Free Report) in a research note published on Thursday morning,Benzinga reports. They currently have a $22.00 price objective on the stock, up from their prior price objective of $21.00.

A number of other research analysts have also issued reports on the stock. JMP Securities reiterated a "market outperform" rating and set a $20.00 price target on shares of DoubleVerify in a research note on Thursday. BMO Capital Markets boosted their price target on shares of DoubleVerify from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Thursday. Robert W. Baird reiterated a "neutral" rating and set a $14.00 price target (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Canaccord Genuity Group dropped their price target 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, Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve 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 price target of $18.86.

DoubleVerify Stock Down 0.3%

DV traded down $0.05 on Thursday, reaching $14.90. The company had a trading volume of 3,256,134 shares, compared to its average volume of 2,372,858. DoubleVerify has a 1 year low of $11.52 and a 1 year high of $23.11. The stock has a market capitalization of $2.42 billion, a PE ratio of 40.27, a P/E/G ratio of 2.63 and a beta of 1.03. The stock has a 50-day moving average price of $13.52 and a 200-day moving average price of $16.94.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The company 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%. DoubleVerify's revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. As a group, analysts expect that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of DoubleVerify by 10.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company's stock valued at $6,174,000 after purchasing an additional 43,343 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company's stock valued at $412,000 after purchasing an additional 762 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of DoubleVerify by 14.0% in the first quarter. Dynamic Technology Lab Private Ltd now owns 63,488 shares of the company's stock valued at $849,000 after purchasing an additional 7,782 shares in the last quarter. Teza Capital Management LLC lifted its holdings in shares of DoubleVerify by 21.1% in the first quarter. Teza Capital Management LLC now owns 26,827 shares of the company's stock valued at $359,000 after purchasing an additional 4,673 shares in the last quarter. Finally, Newtyn Management LLC purchased a new stake in shares of DoubleVerify in the first quarter valued at about $11,953,000. 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.