Analysts Set DoubleVerify Holdings, Inc. (NYSE:DV) PT at $15.88

DoubleVerify Holdings, Inc. (NYSE:DV) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.00.

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Barclays reaffirmed an “equal weight” rating and set a $12.00 target price on shares of DoubleVerify in a research report on Monday, January 12th. Canaccord Genuity Group lowered their price target on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. Royal Bank Of Canada dropped their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Finally, Wells Fargo & Company raised their price objective on DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a report on Monday, March 2nd.

Hedge Funds Weigh In On DoubleVerify

Institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its stake in DoubleVerify by 28.0% in the fourth quarter. Invesco Ltd. now owns 656,655 shares of the company’s stock worth $7,512,000 after acquiring an additional 143,716 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in DoubleVerify by 20.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 49,722 shares of the company’s stock worth $569,000 after acquiring an additional 8,285 shares in the last quarter. Veradace Capital Management LLC purchased a new position in DoubleVerify during the 4th quarter valued at about $114,000. Mackenzie Financial Corp raised its holdings in shares of DoubleVerify by 1.3% in the 4th quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock valued at $64,986,000 after purchasing an additional 74,051 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of DoubleVerify by 37.5% in the 4th quarter. XTX Topco Ltd now owns 47,115 shares of the company’s stock valued at $539,000 after purchasing an additional 12,862 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.3%

DV stock opened at $9.34 on Friday. DoubleVerify has a twelve month low of $7.64 and a twelve month high of $16.82. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.06 and a beta of 0.98. The business’s fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $10.84.

DoubleVerify (NYSE:DV) last issued its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. Research analysts expect that DoubleVerify will post 0.36 EPS for the current year.

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.