DoubleVerify (NYSE:DV) Receives Market Perform Rating from Citizens Jmp

DoubleVerify (NYSE:DV)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Citizens Jmp in a research report issued to clients and investors on Friday,Benzinga reports.

Several other research analysts also recently commented on the stock. Raymond James Financial downgraded shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Canaccord Genuity Group restated a “hold” rating and set a $13.60 price objective (down from $16.00) on shares of DoubleVerify in a research report on Friday. Finally, Truist Financial reaffirmed a “hold” rating and set a $13.60 price objective (down from $16.00) on shares of DoubleVerify in a report on Friday. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DoubleVerify presently has an average rating of “Hold” and a consensus target price of $14.18.

DoubleVerify Price Performance

Shares of DV traded up $1.55 during midday trading on Friday, hitting $13.27. 17,932,247 shares of the company traded hands, compared to its average volume of 2,905,165. DoubleVerify has a one year low of $7.64 and a one year high of $16.44. The firm has a market cap of $2.04 billion, a P/E ratio of 40.20, a PEG ratio of 1.44 and a beta of 0.98. The stock has a 50-day moving average of $10.95 and a 200-day moving average of $10.41.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of DoubleVerify by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock valued at $169,045,000 after purchasing an additional 360,055 shares in the last quarter. Diversified Investment Strategies LLC bought a new position in DoubleVerify in the 1st quarter worth $3,246,000. Ruffer LLP bought a new stake in DoubleVerify in the 4th quarter valued at $7,399,000. ZWJ Investment Counsel Inc. lifted its stake in DoubleVerify by 16.6% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,640,121 shares of the company’s stock worth $18,763,000 after purchasing an additional 233,307 shares in the last quarter. Finally, Pale Fire Capital SE bought a new position in shares of DoubleVerify during the 1st quarter valued at about $1,050,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify News Roundup

Here are the key news stories impacting DoubleVerify this week:

• Positive Sentiment: Nielsen will acquire DoubleVerify for $13.60 per share in cash, a premium to the company’s pre-announcement trading level. The transaction gives shareholders clear cash consideration and could reduce exposure to DoubleVerify’s recent growth slowdown. Nielsen to Acquire DoubleVerify
• Positive Sentiment: Wells Fargo assigned DoubleVerify a $13.60 price target, matching the announced acquisition consideration, while maintaining an “equal weight” rating. This supports the deal valuation but suggests limited fundamental upside beyond the offer price. Wells Fargo price target report
• Neutral Sentiment: Second-quarter earnings were $0.22 per share, up from $0.05 a year earlier. Revenue rose 2.5% year over year to $193.79 million, but fell short of analyst expectations of $202.23 million, highlighting softer topline momentum despite improved profitability. DoubleVerify second-quarter results
• Negative Sentiment: Ademi LLP and Halper Sadeh LLP announced investigations into whether DoubleVerify’s board obtained a fair price and followed proper procedures in approving the Nielsen transaction. Such reviews may create deal-related uncertainty, although they do not indicate that a transaction will be blocked. Ademi shareholder investigation

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.