Capital One Financial Begins Coverage on DoubleVerify (NYSE:DV)


Capital One Financial started coverage on shares of DoubleVerify (NYSE:DV – Get Rating) in a research note issued to investors on Wednesday morning. The brokerage issued an overweight rating and a $30.00 price objective on the stock.

DV has been the topic of a number of other reports. Royal Bank of Canada dropped their price target on shares of DoubleVerify from $35.00 to $31.00 in a research note on Monday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of DoubleVerify from $30.00 to $26.00 in a research note on Wednesday, May 11th. The Goldman Sachs Group assumed coverage on shares of DoubleVerify in a research note on Friday, July 15th. They set a buy rating and a $30.00 price target on the stock. Finally, Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $40.00 to $35.00 and set a buy rating on the stock in a research report on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, DoubleVerify currently has a consensus rating of Moderate Buy and a consensus price target of $33.62.

DoubleVerify Stock Performance

Shares of NYSE:DV opened at $26.00 on Wednesday. The company has a 50-day simple moving average of $23.03 and a 200-day simple moving average of $23.84. DoubleVerify has a one year low of $17.22 and a one year high of $40.79. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 83.87 and a beta of 0.95.

DoubleVerify (NYSE:DV – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. DoubleVerify had a net margin of 12.93% and a return on equity of 6.54%. The business had revenue of $96.72 million for the quarter, compared to analyst estimates of $89.87 million. During the same period in the previous year, the business posted $0.04 earnings per share. The business’s revenue was up 43.1% compared to the same quarter last year. As a group, research analysts forecast that DoubleVerify will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Laura Desmond sold 11,403 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $21.10, for a total value of $240,603.30. Following the completion of the sale, the director now owns 179,071 shares of the company’s stock, valued at $3,778,398.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoubleVerify

Large investors have recently made changes to their positions in the business. Capital World Investors acquired a new stake in DoubleVerify during the 4th quarter valued at $91,853,000. BlackRock Inc. grew its holdings in DoubleVerify by 52.2% during the 1st quarter. BlackRock Inc. now owns 6,349,707 shares of the company’s stock valued at $159,822,000 after purchasing an additional 2,176,812 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in DoubleVerify during the 4th quarter valued at $43,238,000. Wellington Management Group LLP acquired a new stake in DoubleVerify during the 1st quarter valued at $30,114,000. Finally, Manning & Napier Group LLC acquired a new position in DoubleVerify during the 1st quarter worth $29,623,000. Institutional investors and hedge funds own 85.08% of the company’s stock.

About DoubleVerify

(Get Rating)

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers with unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.

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