DoubleVerify Holdings, Inc. (NYSE:DV) Receives $19.24 Average Target Price from Analysts

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

Several equities analysts have recently commented on DV shares. JMP Securities reaffirmed a “market outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Stifel Nicolaus dropped their price target on shares of DoubleVerify from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley lowered 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 report on Thursday, April 17th. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of DoubleVerify in a research report on Wednesday, April 16th. Finally, Barclays decreased their target price on DoubleVerify from $24.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st.

Hedge Funds Weigh In On DoubleVerify

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in shares of DoubleVerify by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock valued at $549,000 after buying an additional 526 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of DoubleVerify by 6.3% in the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company’s stock valued at $184,000 after purchasing an additional 571 shares during the last quarter. GAMMA Investing LLC raised its position in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after buying an additional 863 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after purchasing an additional 981 shares in the last quarter. Finally, Summit Creek Advisors LLC boosted its stake in shares of DoubleVerify by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock valued at $7,080,000 after buying an additional 1,153 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 3.9 %

Shares of DV opened at $14.07 on Tuesday. DoubleVerify has a 52-week low of $11.52 and a 52-week high of $23.11. The stock has a fifty day simple moving average of $13.47 and a two-hundred day simple moving average of $17.71. The company has a market capitalization of $2.29 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. During the same quarter last year, the company posted $0.04 EPS. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts anticipate that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

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.