DoubleVerify (NYSE:DV) Stock Price Up 7% – Should You Buy?

DoubleVerify Holdings, Inc. (NYSE:DV) shares rose 7% on Friday . The stock traded as high as $10.65 and last traded at $10.6420. Approximately 448,930 shares traded hands during trading, a decline of 84% from the average session volume of 2,775,388 shares. The stock had previously closed at $9.95.

Analyst Ratings Changes

DV has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. The Goldman Sachs Group boosted their price target on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reduced their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Wall Street Zen lowered DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $14.00 target price on shares of DoubleVerify in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and an average price target of $15.70.

DoubleVerify Stock Performance

The stock has a fifty day moving average price of $10.27 and a two-hundred day moving average price of $10.35. The firm has a market capitalization of $1.64 billion, a P/E ratio of 32.20, a P/E/G ratio of 1.16 and a beta of 1.00.

Institutional Investors Weigh In On DoubleVerify

A number of large investors have recently made changes to their positions in DV. Clearstead Advisors LLC lifted its stake in shares of DoubleVerify by 210.0% in the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after acquiring an additional 1,392 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in 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 acquiring an additional 1,492 shares in the last quarter. UMB Bank n.a. grew its holdings in DoubleVerify by 124.3% in the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after purchasing an additional 1,528 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of DoubleVerify by 253.6% in the 2nd 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of DoubleVerify by 624.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock worth $69,000 after buying an additional 3,995 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Company Profile

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.