DoubleVerify Holdings, Inc. (NYSE:DV) Receives $15.94 Average Target Price from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been given an average recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.8750.

Several analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a research report on Monday, November 10th. Morgan Stanley upped their price target on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Royal Bank Of Canada cut their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Needham & Company LLC decreased their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, November 10th.

DoubleVerify Trading Up 0.7%

Shares of DoubleVerify stock opened at $11.00 on Monday. The company’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $11.49. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $16.82. The stock has a market cap of $1.78 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.98.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $205.59 million for the quarter, compared to the consensus estimate of $208.77 million. DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, equities analysts predict that DoubleVerify will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in DoubleVerify by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after buying an additional 754 shares during the period. Woodline Partners LP lifted its stake in DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after buying an additional 762 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of DoubleVerify by 5.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock worth $230,000 after buying an additional 785 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of DoubleVerify by 3.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock worth $518,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of DoubleVerify by 2.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock worth $504,000 after acquiring an additional 1,098 shares in the last quarter. Institutional investors and hedge funds 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.