DoubleVerify Holdings, Inc. (NYSE:DV) Stock Now Rated “Hold” by Wall Street Brokerages

DoubleVerify Holdings, Inc. (NYSE:DV) has earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the stock, MarketBeat reports. Fourteen analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.52.

Several research analysts have commented on DV shares. Canaccord Genuity Group downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $13.60 in a report on Friday, August 7th. Nomura set a $13.60 price objective on DoubleVerify in a research report on Friday, August 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $13.60 target price on shares of DoubleVerify in a research report on Friday, August 21st. Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Finally, Scotiabank cut shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $15.00 to $13.60 in a research report on Friday, August 7th.

DoubleVerify Stock Down 0.1%

Shares of NYSE DV opened at $13.38 on Friday. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.08 billion, a P/E ratio of 37.18, a P/E/G ratio of 1.46 and a beta of 0.99. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $13.65. The business has a 50-day simple moving average of $12.74 and a two-hundred day simple moving average of $11.21.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $193.79 million for the quarter, compared to the consensus estimate of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. Research analysts anticipate that DoubleVerify will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of DoubleVerify

Hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in DoubleVerify by 23.3% during the second quarter. State Street Corp now owns 5,375,150 shares of the company’s stock worth $58,267,000 after purchasing an additional 1,014,027 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of DoubleVerify by 122.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,027 shares of the company’s stock valued at $737,000 after purchasing an additional 37,439 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of DoubleVerify during the 2nd quarter valued at about $205,000. Nykredit A S bought a new stake in DoubleVerify in the 2nd quarter worth approximately $32,000. Finally, Corient Private Wealth LP boosted its stake in DoubleVerify by 102.6% in the second quarter. Corient Private Wealth LP now owns 47,080 shares of the company’s stock worth $510,000 after buying an additional 23,839 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

About DoubleVerify

DoubleVerify Holdings, Inc provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are delivered in appropriate environments, viewed by real users and displayed as intended across digital channels.

The company’s solutions address areas including viewability, fraud and invalid traffic, brand safety and suitability, media quality, campaign reach and performance.