JPMorgan Chase & Co. restated their neutral rating on shares of DoubleVerify (NYSE:DV – Free Report) in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a $13.60 price objective on the stock.
Several other brokerages have also recently weighed in on DV. Royal Bank Of Canada cut DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $14.00 to $13.60 in a report on Friday, August 7th. Citizens Jmp cut DoubleVerify from a “market outperform” rating to a “hold” rating in a report on Friday, August 7th. Truist Financial downgraded DoubleVerify from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. BMO Capital Markets set a $13.60 target price on DoubleVerify in a report on Friday, August 7th. Finally, The Goldman Sachs Group raised their target price on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DoubleVerify presently has an average rating of “Hold” and an average price target of $13.95.
Read Our Latest Stock Analysis on DV
DoubleVerify Stock Performance
DoubleVerify (NYSE:DV – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. The company had revenue of $193.79 million during the quarter, compared to analysts’ expectations of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. DoubleVerify’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS. On average, sell-side analysts forecast that DoubleVerify will post 0.61 earnings per share for the current fiscal year.
Institutional Trading of DoubleVerify
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in DoubleVerify in the second quarter worth approximately $27,000. Quadrant Capital Group LLC raised its position in DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after purchasing an additional 1,492 shares during the period. Nykredit A S purchased a new stake in DoubleVerify in the second quarter valued at $32,000. UMB Bank n.a. lifted its stake in shares of DoubleVerify by 124.3% in the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in shares of DoubleVerify during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.
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.
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