DoubleVerify Holdings, Inc. (NYSE:DV) Receives $19.31 Average PT from Brokerages

DoubleVerify Holdings, Inc. (NYSE:DV) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.31.

DV has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Loop Capital cut shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. Bank of America raised shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. Robert W. Baird reissued a “neutral” rating and issued a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Finally, Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 17th.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $14.79 on Friday. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11. The company has a market cap of $2.40 billion, a P/E ratio of 39.97, a P/E/G ratio of 2.63 and a beta of 1.03. The firm’s fifty day moving average is $13.33 and its two-hundred day moving average is $17.08.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data 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 return on equity of 5.99% and a net margin of 10.33%. The business had revenue of $165.06 million during the quarter, compared to analysts’ expectations of $153.07 million. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, analysts forecast that DoubleVerify will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On DoubleVerify

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in DoubleVerify by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock valued at $246,891,000 after buying an additional 984,779 shares during the period. Mackenzie Financial Corp boosted its position in DoubleVerify by 1.6% in the 1st quarter. Mackenzie Financial Corp now owns 5,752,688 shares of the company’s stock valued at $76,913,000 after buying an additional 91,405 shares during the period. Burgundy Asset Management Ltd. boosted its position in DoubleVerify by 6.5% in the 1st quarter. Burgundy Asset Management Ltd. now owns 5,225,968 shares of the company’s stock valued at $69,871,000 after buying an additional 319,055 shares during the period. AQR Capital Management LLC boosted its position in DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock valued at $50,002,000 after buying an additional 592,435 shares during the period. Finally, Geneva Capital Management LLC boosted its position in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after buying an additional 19,684 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

About DoubleVerify

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.