DoubleVerify Holdings, Inc. (NYSE:DV) Stock Rated “Hold” by Sell-Side Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given an average rating of “Hold” by the fourteen analysts that are currently covering the firm, MarketBeat reports. Fourteen analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.52.

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $14.00 to $13.60 in a report on Friday, August 7th. Scotiabank downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $15.00 to $13.60 in a report on Friday, August 7th. BMO Capital Markets set a $13.60 price objective on shares of DoubleVerify in a research report on Friday, August 7th. Wells Fargo & Company raised shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $8.00 to $13.60 in a research report on Friday, August 7th. Finally, Truist Financial cut shares of DoubleVerify from a “buy” rating to a “hold” rating and reduced their target price for the company from $16.00 to $13.60 in a research note on Friday, August 7th.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $13.56 on Friday. The business’s 50-day moving average price is $13.48 and its two-hundred day moving average price is $11.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.69 and a quick ratio of 4.69. DoubleVerify has a one year low of $8.60 and a one year high of $13.65. The company has a market capitalization of $2.12 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DV. Quantbot Technologies LP acquired a new position in shares of DoubleVerify during the second quarter worth approximately $27,000. Nykredit A S acquired a new stake in shares of DoubleVerify in the second quarter worth $32,000. Bayforest Capital Ltd bought a new position in DoubleVerify during the second quarter worth $36,000. Sterling Capital Management LLC increased its position in DoubleVerify by 371.9% during the third quarter. Sterling Capital Management LLC now owns 4,228 shares of the company’s stock worth $57,000 after acquiring an additional 3,332 shares during the period. Finally, Allworth Financial LP bought a new position in DoubleVerify during the second quarter worth $52,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc. provides digital media measurement, analytics and optimization services for advertisers, agencies and publishers. Its technology helps clients assess whether digital ads are viewable, free from fraudulent activity and delivered in brand-safe environments across channels such as websites, mobile apps, social media and connected TV. The company’s offerings include verification and performance measurement tools, as well as products designed to help advertisers evaluate and optimize media campaigns.