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

DoubleVerify Holdings, Inc. (NYSE:DV) has been given an average rating of “Hold” by the sixteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.9533.

A number of analysts have recently commented on DV shares. Raymond James Financial downgraded DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Scotiabank cut shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $15.00 to $13.60 in a report on Friday, August 7th. Truist Financial lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.00 to $13.60 in a report on Friday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Friday, July 17th. Finally, BMO Capital Markets set a $13.60 price target on shares of DoubleVerify in a research report on Friday, August 7th.

Hedge Funds Weigh In On DoubleVerify

Several large investors have recently bought and sold shares of DV. California State Teachers Retirement System raised its holdings in shares of DoubleVerify by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after buying an additional 754 shares in the last quarter. Woodline Partners LP grew its stake in DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after buying an additional 762 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of DoubleVerify by 2.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock valued at $504,000 after acquiring an additional 1,098 shares during the last quarter. Hsbc Holdings PLC increased its holdings in DoubleVerify by 1.5% during the 2nd quarter. Hsbc Holdings PLC now owns 77,453 shares of the company’s stock valued at $839,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of DoubleVerify by 4.1% during the fourth quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Down 0.1%

Shares of DV stock opened at $13.37 on Monday. The stock has a market cap of $2.07 billion, a P/E ratio of 37.14, a P/E/G ratio of 1.46 and a beta of 0.97. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. DoubleVerify has a fifty-two week low of $7.64 and a fifty-two week high of $16.44. The business has a fifty day simple moving average of $11.90 and a 200-day simple moving average of $10.73.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $193.79 million for the quarter, compared to analysts’ expectations of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 EPS. On average, analysts forecast that DoubleVerify will post 0.59 earnings per share for the current fiscal 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.