DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.70.

Several equities research analysts have commented on DV shares. The Goldman Sachs Group increased their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Monday, April 20th. Wells Fargo & Company cut their target price on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a research note on Thursday, May 7th.

DoubleVerify Trading Up 3.1%

Shares of DoubleVerify stock opened at $9.82 on Friday. The stock has a fifty day simple moving average of $10.13 and a 200 day simple moving average of $10.41. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $16.82. The company has a market capitalization of $1.51 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a return on equity of 7.98% and a net margin of 7.16%.The firm had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. During the same period in the prior year, the firm earned $0.13 earnings per share. DoubleVerify’s revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that DoubleVerify will post 0.57 EPS for the current year.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. purchased a new position in DoubleVerify during the 1st quarter valued at about $154,000. Woodline Partners LP raised its position in DoubleVerify by 2.5% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DoubleVerify by 10.4% during 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 acquiring an additional 43,343 shares during the period. Creative Planning grew its stake in shares of DoubleVerify by 17.8% in the second quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after acquiring an additional 3,900 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in DoubleVerify by 624.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock worth $69,000 after purchasing an additional 3,995 shares during the period. 97.29% of the stock is currently owned by institutional investors.

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.