DoubleVerify Holdings, Inc. (NYSE:DV) Receives $15.39 Consensus Price Target from Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and ten have given 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.

DV has been the topic of several analyst reports. Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Raymond James Financial restated an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. The Goldman Sachs Group increased their target price on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company reduced their target price on 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

Shares of DV stock opened at $11.23 on Thursday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 1.35 and a beta of 0.96. DoubleVerify has a one year low of $7.64 and a one year high of $16.82. The company’s 50-day moving average is $10.78 and its 200 day moving average is $10.38.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors have recently modified their holdings of DV. Quadrant Capital Group LLC raised its position in DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after buying an additional 1,492 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after acquiring an additional 1,528 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of DoubleVerify by 81.2% during the 4th quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after acquiring an additional 1,669 shares during the last quarter. Allworth Financial LP grew its stake in shares of DoubleVerify by 121.9% in the fourth quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock worth $54,000 after acquiring an additional 2,581 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of DoubleVerify by 37.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock worth $54,000 after acquiring an additional 1,284 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.