Analysts Set DoubleVerify Holdings, Inc. (NYSE:DV) Target Price at $16.00

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.00.

A number of research firms have commented on DV. 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 report on Friday, February 27th. Morgan Stanley upped their price objective on DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Zacks Research cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday.

DoubleVerify Price Performance

NYSE:DV opened at $10.43 on Tuesday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99. DoubleVerify has a one year low of $7.64 and a one year high of $16.82. The business has a fifty day moving average price of $10.05 and a 200-day moving average price of $10.57.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $205.59 million during the quarter, compared to analysts’ expectations of $208.77 million. DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. On average, equities research analysts expect that DoubleVerify will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its holdings in DoubleVerify by 23.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 108,347 shares of the company’s stock valued at $1,029,000 after acquiring an additional 20,381 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of DoubleVerify by 17.1% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 2,204,762 shares of the company’s stock valued at $20,945,000 after purchasing an additional 321,930 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of DoubleVerify during the first quarter valued at about $563,000. Blue Trust Inc. purchased a new position in shares of DoubleVerify during the first quarter valued at about $197,000. Finally, Krilogy Financial LLC increased its holdings in shares of DoubleVerify by 42.7% in the first quarter. Krilogy Financial LLC now owns 18,537 shares of the company’s stock worth $176,000 after purchasing an additional 5,550 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

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.