DoubleVerify Holdings, Inc. (NYSE:DV) Receives $16.38 Consensus PT from Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.4118.

DV has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, October 8th. Needham & Company LLC lowered their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Stifel Nicolaus dropped their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Morgan Stanley lifted their price target on shares of DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $13.50 price target on shares of DoubleVerify in a report on Tuesday, October 14th.

DoubleVerify Stock Up 0.1%

Shares of NYSE DV opened at $10.86 on Friday. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11. The firm has a 50-day simple moving average of $10.87 and a two-hundred day simple moving average of $12.84. The company has a market cap of $1.75 billion, a P/E ratio of 43.43, a PEG ratio of 0.72 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm had revenue of $188.62 million for the quarter, compared to the consensus estimate of $190.43 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors have recently made changes to their positions in DV. Baird Financial Group Inc. bought a new stake in shares of DoubleVerify in the first quarter valued at about $154,000. Woodline Partners LP increased its position in DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of DoubleVerify by 10.4% in the 1st 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. Central Pacific Bank Trust Division lifted its position in shares of DoubleVerify by 91.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 13,047 shares of the company’s stock worth $195,000 after purchasing an additional 6,220 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of DoubleVerify by 572.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after purchasing an additional 2,031 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About DoubleVerify

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.