DoubleVerify (NYSE:DV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DoubleVerify (NYSE:DV) from a hold rating to a buy rating in a report published on Saturday morning.

DV has been the topic of several other research reports. Barclays reiterated an “equal weight” rating and issued a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Morgan Stanley lifted their target price on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. Zacks Research lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their target price on DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Monday, March 2nd. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.00.

DoubleVerify Trading Up 5.4%

Shares of DoubleVerify stock opened at $10.07 on Friday. The firm has a market cap of $1.58 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.08 and a beta of 0.99. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $16.82. The stock’s fifty day moving average price is $9.88 and its 200-day moving average price is $10.62.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS. Analysts forecast that DoubleVerify will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors have recently added to or reduced their stakes in DV. Bank of Montreal Can boosted its holdings in DoubleVerify by 2,028.9% in the fourth quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock worth $41,756,000 after acquiring an additional 3,478,542 shares in the last quarter. AQR Capital Management LLC boosted its holdings in DoubleVerify by 123.4% in the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after acquiring an additional 2,902,169 shares in the last quarter. SG Capital Management LLC boosted its holdings in DoubleVerify by 202.1% in the fourth quarter. SG Capital Management LLC now owns 1,020,892 shares of the company’s stock worth $11,679,000 after acquiring an additional 2,020,892 shares in the last quarter. Boston Partners acquired a new stake in DoubleVerify in the fourth quarter worth about $20,642,000. Finally, Invenomic Capital Management LP acquired a new stake in DoubleVerify in the third quarter worth about $21,671,000. 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.