DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Recommendation of “Buy” by Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received an average rating of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $38.60.

DV has been the topic of several recent research reports. JMP Securities restated a “buy” rating and set a $41.00 target price on shares of DoubleVerify in a report on Tuesday, August 31st. Needham & Company LLC began coverage on shares of DoubleVerify in a research report on Thursday, September 16th. They set a “buy” rating and a $41.00 price target on the stock. Zacks Investment Research lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research report on Tuesday, August 3rd. Finally, William Blair reaffirmed a “buy” rating on shares of DoubleVerify in a research report on Friday, July 30th.

Hedge funds have recently modified their holdings of the stock. Emerald Advisers LLC acquired a new position in shares of DoubleVerify during the second quarter worth $7,148,000. Victory Capital Management Inc. acquired a new position in DoubleVerify in the second quarter valued at $300,000. Envestnet Asset Management Inc. acquired a new position in DoubleVerify in the second quarter valued at $205,000. Rhumbline Advisers acquired a new position in DoubleVerify in the second quarter valued at $529,000. Finally, Principal Financial Group Inc. acquired a new position in DoubleVerify in the second quarter valued at $14,102,000. Hedge funds and other institutional investors own 80.99% of the company’s stock.

Shares of NYSE:DV traded down $0.72 during trading on Friday, reaching $35.63. 154,466 shares of the company’s stock traded hands, compared to its average volume of 243,372. DoubleVerify has a fifty-two week low of $27.16 and a fifty-two week high of $48.42. The company has a quick ratio of 11.91, a current ratio of 11.91 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $34.73.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, July 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.09). The company had revenue of $76.52 million during the quarter, compared to the consensus estimate of $73.20 million. Sell-side analysts expect that DoubleVerify will post 0.26 earnings per share for the current fiscal year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc offers a software platform for digital media measurement, data, and analytics. The company offers DV Authentic Ad, a metric of digital media quality that evaluates the existence of fraud, brand safety, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance.

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Analyst Recommendations for DoubleVerify (NYSE:DV)

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