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

DoubleVerify Holdings, Inc. (NYSE:DV) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.70.

DV has been the topic of a number of research reports. Canaccord Genuity Group decreased their price objective on DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a research note on Thursday, May 7th. Wells Fargo & Company decreased their price target on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th.

Institutional Investors Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC grew its position in DoubleVerify by 210.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after acquiring an additional 1,392 shares during the last quarter. Quadrant Capital Group LLC lifted its position in DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after purchasing an additional 1,492 shares during the last quarter. UMB Bank n.a. boosted its stake 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 purchasing an additional 1,528 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of DoubleVerify by 178.9% during the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of DoubleVerify by 253.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after purchasing an additional 2,660 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 0.2%

Shares of DV stock opened at $10.51 on Wednesday. The business has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $10.37. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $16.82. The firm has a market cap of $1.61 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00.

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.