Brokerages Set DoubleVerify Holdings, Inc. (NYSE:DV) Price Target at $15.70

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.70.

A number of analysts have issued reports on the company. Raymond James Financial reissued an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a research report on Thursday, May 7th. Royal Bank Of Canada decreased their price target on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Canaccord Genuity Group decreased their price target on DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. The Goldman Sachs Group upped their price target on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company decreased their price target on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DV. Baird Financial Group Inc. acquired a new position in DoubleVerify during the first quarter worth $154,000. Woodline Partners LP lifted 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 purchasing an additional 762 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DoubleVerify by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after purchasing an additional 43,343 shares in the last quarter. Creative Planning lifted its stake in DoubleVerify by 17.8% during the second quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after purchasing an additional 3,900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in DoubleVerify by 624.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock worth $69,000 after purchasing an additional 3,995 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

DV opened at $10.20 on Wednesday. DoubleVerify has a one year low of $7.64 and a one year high of $16.82. The stock has a market capitalization of $1.56 billion, a PE ratio of 30.89, a P/E/G ratio of 1.15 and a beta of 1.00. The business’s 50 day moving average price is $10.20 and its 200 day moving average price is $10.37.

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.