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

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.4118.

Several research analysts have issued reports on DV shares. JPMorgan Chase & Co. lowered their price target on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Stifel Nicolaus lowered their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Barclays reaffirmed an “equal weight” rating and set a $12.00 price target on shares of DoubleVerify in a research report on Monday, January 12th. Wells Fargo & Company dropped their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 21st. Finally, Truist Financial cut their target price on DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, November 10th.

DoubleVerify Trading Down 4.9%

Shares of DV traded down $0.48 during mid-day trading on Thursday, reaching $9.14. 326,100 shares of the company were exchanged, compared to its average volume of 2,379,194. The business has a 50 day simple moving average of $10.82 and a two-hundred day simple moving average of $12.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The stock has a market capitalization of $1.47 billion, a PE ratio of 36.42, a PEG ratio of 0.64 and a beta of 0.98. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $23.11.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in DoubleVerify by 2,028.9% during the fourth quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock worth $41,756,000 after acquiring an additional 3,478,542 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of DoubleVerify in the 2nd quarter worth $38,325,000. SG Capital Management LLC acquired a new stake in DoubleVerify in the 2nd quarter valued at $33,642,000. Invenomic Capital Management LP bought a new stake in DoubleVerify during the 3rd quarter valued at $21,671,000. Finally, Norges Bank acquired a new position in DoubleVerify during the second quarter worth $23,640,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

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.