Shares of DoubleVerify Holdings, Inc. (NYSE:DV – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $15.3929.
A number of equities analysts have recently issued reports on the company. Raymond James Financial restated an “outperform” rating and issued a $14.00 price target on shares of DoubleVerify in a research note on Thursday, May 7th. The Goldman Sachs Group increased their target price on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Monday, April 20th. Wells Fargo & Company cut their price target on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th.
View Our Latest Stock Analysis on DV
DoubleVerify Trading Up 4.5%
Hedge Funds Weigh In On DoubleVerify
Several institutional investors and hedge funds have recently bought and sold shares of DV. Vanguard Group Inc. grew its holdings in DoubleVerify by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock valued at $169,045,000 after purchasing an additional 360,055 shares during the period. Mackenzie Financial Corp raised its stake in shares of DoubleVerify by 1.3% in the fourth quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock worth $64,986,000 after buying an additional 74,051 shares during the period. AQR Capital Management LLC lifted its position in shares of DoubleVerify by 123.4% during the 4th quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after buying an additional 2,902,169 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DoubleVerify by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock valued at $41,169,000 after buying an additional 363,005 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of DoubleVerify by 2,028.9% during the 4th quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock valued at $41,756,000 after acquiring an additional 3,478,542 shares during the period. 97.29% of the stock is currently owned by hedge funds and other 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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