Brokerages Set DoubleVerify Holdings, Inc. (NYSE:DV) PT at $15.70

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.3929.

Several brokerages have recently weighed in on DV. Wall Street Zen lowered DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a research report on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Finally, Wells Fargo & Company reduced their price objective on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th.

DoubleVerify Stock Performance

DV opened at $11.46 on Friday. The business has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.36. DoubleVerify has a twelve month low of $7.64 and a twelve month high of $16.82. The firm has a market cap of $1.76 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DV. Baird Financial Group Inc. bought a new stake in shares of DoubleVerify during the first quarter valued at approximately $154,000. Woodline Partners LP lifted its holdings in DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after buying an additional 762 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 buying an additional 43,343 shares during the last quarter. Creative Planning boosted its position in DoubleVerify by 17.8% in the 2nd quarter. Creative Planning now owns 25,827 shares of the company’s stock valued at $387,000 after buying an additional 3,900 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of DoubleVerify by 624.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after buying an additional 3,995 shares during the period. 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.