DoubleVerify Holdings, Inc. (NYSE:DV) Receives $15.70 Average PT from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.70.

A number of brokerages have recently issued reports on DV. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Raymond James Financial reiterated an “outperform” rating and set a $14.00 price objective on shares of DoubleVerify in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price objective on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group dropped their price objective on DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fortress Investment Group LLC bought a new stake in shares of DoubleVerify in the third quarter valued at about $5,668,000. Elo Mutual Pension Insurance Co grew its stake in shares of DoubleVerify by 378.0% in the third quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock valued at $1,690,000 after acquiring an additional 111,522 shares in the last quarter. Penbrook Management LLC acquired a new position in shares of DoubleVerify in the fourth quarter valued at about $1,177,000. First Eagle Investment Management LLC acquired a new position in shares of DoubleVerify in the third quarter valued at about $4,043,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of DoubleVerify in the third quarter valued at about $1,419,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 0.0%

Shares of DoubleVerify stock opened at $10.20 on Wednesday. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $16.82. The stock has a market cap of $1.56 billion, a P/E ratio of 30.89, a P/E/G ratio of 1.15 and a beta of 1.00. The business’s 50 day moving average is $10.20 and its 200-day moving average is $10.37.

DoubleVerify Company Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.