DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Rating of “Hold” by Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.50.

Several analysts have weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Raymond James Financial reiterated an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a research report on Thursday, May 7th. The Goldman Sachs Group increased their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wells Fargo & Company cut their target price on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after purchasing an additional 1,492 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of DoubleVerify by 124.3% during the 4th 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. Bayforest Capital Ltd acquired a new stake in shares of DoubleVerify during the second quarter worth $36,000. Clearstead Advisors LLC boosted its holdings in shares of DoubleVerify by 81.2% during the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock worth $43,000 after purchasing an additional 1,669 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of DoubleVerify by 121.9% in the fourth quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock valued at $54,000 after purchasing an additional 2,581 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Price Performance

NYSE DV opened at $11.96 on Thursday. The business has a 50 day moving average price of $10.91 and a 200 day moving average price of $10.40. The company has a market capitalization of $1.83 billion, a P/E ratio of 36.23, a PEG ratio of 1.43 and a beta of 0.98. DoubleVerify has a 1-year low of $7.64 and a 1-year high of $16.82.

About DoubleVerify

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.