DoubleVerify Holdings, Inc. (NYSE:DV) Receives $15.39 Consensus PT from Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.3929.

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

DoubleVerify Stock Performance

NYSE DV opened at $11.76 on Thursday. The company has a market cap of $1.80 billion, a PE ratio of 35.62, a P/E/G ratio of 1.35 and a beta of 0.97. The firm’s 50 day moving average price is $10.82 and its 200-day moving average price is $10.38. DoubleVerify has a 52-week low of $7.64 and a 52-week high of $16.82.

Institutional Trading of DoubleVerify

Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in shares of DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after buying an additional 1,492 shares during the last quarter. UMB Bank n.a. lifted its position in DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after acquiring an additional 1,528 shares during the last quarter. Clearstead Advisors LLC lifted its position in DoubleVerify by 81.2% during the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after acquiring an additional 1,669 shares during the last quarter. Allworth Financial LP boosted its stake in 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 acquiring an additional 2,581 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in DoubleVerify by 37.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock valued at $54,000 after acquiring an additional 1,284 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.