DoubleVerify Holdings, Inc. (NYSE:DV) Receives $19.24 Consensus Target Price from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have earned a consensus rating of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.31.

A number of research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of DoubleVerify in a report on Wednesday, April 16th. Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Stifel Nicolaus cut their price objective on shares of DoubleVerify from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Barclays decreased their target price on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price target for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th.

Institutional Trading of DoubleVerify

Several institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after purchasing an additional 981 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after buying an additional 1,285 shares during the last quarter. GAMMA Investing LLC grew its holdings in DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after acquiring an additional 863 shares during the period. Allianz SE purchased a new position in DoubleVerify during the fourth quarter valued at approximately $41,000. Finally, Signaturefd LLC lifted its holdings in DoubleVerify by 582.9% in the first quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock valued at $31,000 after acquiring an additional 1,982 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Down 5.7 %

Shares of DV stock opened at $13.32 on Tuesday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 36.00, a P/E/G ratio of 2.63 and a beta of 1.03. DoubleVerify has a twelve month low of $11.52 and a twelve month high of $23.11. The stock has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $17.70.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The business had revenue of $165.06 million for the quarter, compared to analysts’ expectations of $153.07 million. During the same period last year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Research analysts predict that DoubleVerify will post 0.36 EPS for the current fiscal year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.