DoubleVerify Holdings, Inc. (NYSE:DV) Receives $16.38 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of DoubleVerify Holdings, Inc. (NYSE:DV – Get Free Report) have received a consensus recommendation of “Hold” from the twenty-one analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $16.3824.

A number of brokerages have recently weighed in on DV. Royal Bank Of Canada lowered their target price on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Needham & Company LLC lowered their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Barclays dropped their target price on shares of DoubleVerify from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. JMP Securities reissued a “market outperform” rating and set a $20.00 price target on shares of DoubleVerify in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company lowered their price target on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st.

Get Our Latest Analysis on DoubleVerify

Insiders Place Their Bets

In related news, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the sale, the insider directly owned 96,301 shares of the company’s stock, valued at $1,250,949.99. This represents a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,488 shares of company stock valued at $157,255. 3.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently modified their holdings of DV. Cooper Creek Partners Management LLC bought a new position in DoubleVerify in the second quarter valued at approximately $38,325,000. SG Capital Management LLC acquired a new position in shares of DoubleVerify in the 2nd quarter valued at $33,642,000. Invenomic Capital Management LP bought a new position in shares of DoubleVerify in the 3rd quarter worth $21,671,000. Sunriver Management LLC acquired a new stake in shares of DoubleVerify during the first quarter worth $22,485,000. Finally, Federated Hermes Inc. increased its holdings in DoubleVerify by 17,284.0% in the first quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company’s stock valued at $22,245,000 after purchasing an additional 1,654,250 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Price Performance

DV stock traded up $0.06 during trading on Friday, hitting $10.50. 856,578 shares of the stock traded hands, compared to its average volume of 3,621,949. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 1.73 and a beta of 0.98. DoubleVerify has a one year low of $7.64 and a one year high of $23.11. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $11.12 and a 200 day simple moving average of $13.56.

DoubleVerify (NYSE:DV – Get Free Report) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.13. The company had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect that DoubleVerify will post 0.36 EPS for the current fiscal year.

About DoubleVerify

(Get Free Report)

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.

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