DoubleVerify Holdings, Inc. (NYSE:DV) Stock Has Consensus Price Target of $13.52

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.52.

A number of equities analysts recently commented on DV shares. Citizens Jmp cut DoubleVerify from a “market outperform” rating to a “hold” rating in a report on Friday, August 7th. Nomura set a $13.60 price target on shares of DoubleVerify in a research note on Friday, August 7th. Raymond James Financial lowered shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $13.60 price target on shares of DoubleVerify in a research report on Friday, August 21st. Finally, Truist Financial lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the company from $16.00 to $13.60 in a research note on Friday, August 7th.

Hedge Funds Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Diversified Investment Strategies LLC acquired a new stake in DoubleVerify in the first quarter valued at approximately $3,246,000. State Street Corp grew its holdings in DoubleVerify by 23.3% during the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company’s stock worth $58,267,000 after acquiring an additional 1,014,027 shares in the last quarter. Quantinno Capital Management LP grew its holdings in DoubleVerify by 181.5% during the 1st quarter. Quantinno Capital Management LP now owns 426,329 shares of the company’s stock worth $4,050,000 after acquiring an additional 274,896 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of DoubleVerify in the 1st quarter valued at approximately $1,687,000. Finally, Russell Investments Group Ltd. increased its position in shares of DoubleVerify by 92.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 299,346 shares of the company’s stock valued at $3,256,000 after purchasing an additional 143,429 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.1%

NYSE:DV opened at $13.51 on Tuesday. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $13.40 and its two-hundred day moving average is $11.62. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $13.65. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%. The business had revenue of $193.79 million during the quarter, compared to analyst estimates of $202.23 million. During the same period last year, the business posted $0.05 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that DoubleVerify will post 0.59 EPS for the current year.

About DoubleVerify

DoubleVerify Holdings, Inc is a software and data analytics company that provides measurement, verification and optimization services for digital advertising. Its platform helps advertisers, agencies, publishers and digital media platforms evaluate whether advertising was delivered to legitimate audiences, appeared in suitable environments and had an opportunity to be viewed.

The company’s products and services address areas including ad fraud, viewability, brand safety and suitability, contextual targeting, media quality and campaign performance.