Shares of DoubleVerify Holdings, Inc. (NYSE:DV – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.70.
Several brokerages have recently issued reports on DV. Zacks Research cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada cut their price target on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company cut their price target on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Finally, The Goldman Sachs Group upped their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th.
Check Out Our Latest Stock Analysis on DoubleVerify
DoubleVerify Trading Up 1.8%
DoubleVerify (NYSE:DV – Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. DoubleVerify had a net margin of 7.16% and a return on equity of 7.98%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, equities analysts predict that DoubleVerify will post 0.57 EPS for the current fiscal year.
Hedge Funds Weigh In On DoubleVerify
Hedge funds have recently added to or reduced their stakes in the company. Fortress Investment Group LLC bought a new position in DoubleVerify during the 3rd quarter valued at about $5,668,000. Elo Mutual Pension Insurance Co grew its holdings in DoubleVerify by 378.0% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock valued at $1,690,000 after purchasing an additional 111,522 shares during the last quarter. Penbrook Management LLC bought a new position in DoubleVerify during the 4th quarter valued at about $1,177,000. First Eagle Investment Management LLC bought a new position in DoubleVerify during the 3rd quarter valued at about $4,043,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in DoubleVerify during the 3rd quarter valued at about $1,419,000. 97.29% of the stock is currently owned by institutional investors.
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.
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