DoubleVerify (NYSE:DV) Issues Quarterly Earnings Results

DoubleVerify (NYSE:DV) posted its quarterly earnings results on Friday. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.12 by $0.13, FiscalAI reports. The firm had revenue of $205.64 million during the quarter, compared to analysts’ expectations of $203.92 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.

DoubleVerify Price Performance

Shares of DoubleVerify stock remained flat at $13.57 during midday trading on Friday. The company had a trading volume of 1,400,784 shares, compared to its average volume of 3,047,960. The firm has a 50 day simple moving average of $13.44 and a 200 day simple moving average of $11.31. DoubleVerify has a 1-year low of $7.64 and a 1-year high of $13.65. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.50.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DV shares. Wells Fargo & Company raised DoubleVerify from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $8.00 to $13.60 in a research report on Friday, August 7th. BMO Capital Markets set a $13.60 price target on shares of DoubleVerify in a report on Friday, August 7th. Raymond James Financial cut shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Finally, Scotiabank downgraded shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $15.00 to $13.60 in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, DoubleVerify currently has a consensus rating of “Hold” and an average target price of $13.52.

About DoubleVerify

DoubleVerify Holdings, Inc (NYSE: DV) provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are viewable, delivered in suitable environments and seen by legitimate audiences.

The company’s solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.