DoubleVerify (NYSE:DV) Downgraded by Barclays to “Hold”

Barclays downgraded shares of DoubleVerify (NYSE:DV) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. Stifel Nicolaus reduced their price objective on DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Zacks Research raised DoubleVerify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $13.50 target price on shares of DoubleVerify in a report on Tuesday, October 14th. Finally, Wells Fargo & Company decreased their price target on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

DoubleVerify Trading Down 1.9%

DoubleVerify stock opened at $10.86 on Monday. DoubleVerify has a 1 year low of $7.64 and a 1 year high of $23.11. The firm’s 50 day moving average price is $10.87 and its 200-day moving average price is $12.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a market cap of $1.75 billion, a P/E ratio of 43.45, a PEG ratio of 0.73 and a beta of 0.98.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. The business had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, equities analysts predict that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Institutional investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC acquired a new position in DoubleVerify during the 2nd quarter valued at approximately $38,325,000. SG Capital Management LLC acquired a new stake in shares of DoubleVerify during the second quarter worth $33,642,000. Invenomic Capital Management LP purchased a new stake in shares of DoubleVerify during the third quarter valued at $21,671,000. Norges Bank acquired a new position in shares of DoubleVerify in the 2nd quarter valued at $23,640,000. Finally, Arohi Asset Management PTE Ltd. acquired a new position in shares of DoubleVerify in the 2nd quarter valued at $17,214,000. 97.29% of the stock is 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.