DoubleVerify Holdings, Inc. (NYSE:DV) Stock Has Average Target Price of $13.52

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the firm, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.52.

A number of brokerages recently weighed in on DV. Weiss Ratings upgraded shares of DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Raymond James Financial downgraded shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Nomura set a $13.60 price objective on shares of DoubleVerify in a research note on Friday, August 7th. Wells Fargo & Company raised shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $8.00 to $13.60 in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $13.60 target price on shares of DoubleVerify in a report on Friday, August 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of DoubleVerify during the second quarter worth approximately $27,000. Nykredit A S purchased a new position in DoubleVerify in the 2nd quarter valued at $32,000. Bayforest Capital Ltd purchased a new position in DoubleVerify in the 2nd quarter valued at $36,000. Allworth Financial LP purchased a new position in DoubleVerify in the 2nd quarter valued at $52,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in DoubleVerify by 2,114.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,115 shares of the company’s stock valued at $55,000 after buying an additional 4,884 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 0.2%

Shares of DoubleVerify stock opened at $13.53 on Tuesday. The company has a fifty day simple moving average of $13.39 and a 200-day simple moving average of $11.57. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 1.47 and a beta of 0.99. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $13.65. 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 (NYSE:DV) last posted its earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $193.79 million for the quarter, compared to analysts’ expectations of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, equities analysts forecast that DoubleVerify will post 0.59 EPS for the current fiscal year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc is a software and data analytics company that provides measurement, verification and optimization services for digital advertising. Its platform helps advertisers, agencies, publishers and digital media platforms evaluate whether advertising was delivered to legitimate audiences, appeared in suitable environments and had an opportunity to be viewed.

The company’s products and services address areas including ad fraud, viewability, brand safety and suitability, contextual targeting, media quality and campaign performance.