DoubleVerify Holdings, Inc. (NYSE:DV) Receives $13.95 Consensus Target Price from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been given an average rating of “Hold” by the sixteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.9533.

A number of analysts have recently weighed in on DV shares. Wells Fargo & Company upgraded shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $8.00 to $13.60 in a report on Friday, August 7th. Truist Financial cut shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their target price for the company from $16.00 to $13.60 in a research report on Friday, August 7th. Royal Bank Of Canada downgraded shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $14.00 to $13.60 in a research note on Friday, August 7th. Scotiabank lowered shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $15.00 to $13.60 in a report on Friday, August 7th. Finally, Nomura set a $13.60 price objective on DoubleVerify in a report on Friday, August 7th.

DoubleVerify Trading Down 0.2%

DV opened at $13.30 on Monday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 1.45 and a beta of 0.98. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $16.44. The stock has a fifty day moving average price of $11.78 and a 200-day moving average price of $10.67.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The company had revenue of $193.79 million for the quarter, compared to the consensus estimate of $202.23 million. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that DoubleVerify will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors have recently added to or reduced their stakes in DV. Quantbot Technologies LP acquired a new position in shares of DoubleVerify during the second quarter valued at about $27,000. Quadrant Capital Group LLC lifted its stake in shares of DoubleVerify by 154.5% during the fourth 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 period. Nykredit A S acquired a new stake in shares of DoubleVerify during the second quarter worth $32,000. UMB Bank n.a. grew its holdings in shares of DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after buying an additional 1,528 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of DoubleVerify during the second quarter valued at $36,000. 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.