DoubleVerify’s (DV) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of DoubleVerify (NYSE:DV) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $20.00 price target on the stock.

Several other research analysts also recently weighed in on DV. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Bank of America raised shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. Royal Bank of Canada lowered their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Raymond James reduced their target price on DoubleVerify from $22.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Finally, Loop Capital cut DoubleVerify from a “buy” rating to a “hold” rating and decreased their target price for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify presently has an average rating of “Moderate Buy” and an average target price of $18.86.

DoubleVerify Stock Down 2.9%

Shares of NYSE DV opened at $14.48 on Thursday. The stock’s fifty day simple moving average is $13.57 and its 200 day simple moving average is $16.87. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 2.63 and a beta of 1.03. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11.

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

Institutional Investors Weigh In On DoubleVerify

Large investors have recently made changes to their positions in the company. Burgundy Asset Management Ltd. boosted its holdings in DoubleVerify by 73.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock worth $94,262,000 after purchasing an additional 2,073,279 shares in the last quarter. Norges Bank acquired a new stake in shares of DoubleVerify in the fourth quarter worth about $33,957,000. Sunriver Management LLC bought a new stake in shares of DoubleVerify during the 1st quarter worth about $22,485,000. Federated Hermes Inc. increased its holdings in shares of DoubleVerify by 17,284.0% during the 1st quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company’s stock valued at $22,245,000 after acquiring an additional 1,654,250 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of DoubleVerify in the 4th quarter valued at approximately $31,579,000. Institutional investors own 97.29% of the company’s stock.

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.