The Analyst Landscape: 14 Takes On DoubleVerify Hldgs
Ratings for DoubleVerify Hldgs (NYSE:DV) were provided by 14 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 8 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 5 | 7 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $34.64, a high estimate of $45.00, and a low estimate of $25.00. Observing a downward trend, the current average is 17.37% lower than the prior average price target of $41.92.
Decoding Analyst Ratings: A Detailed Look
In examining recent analyst actions, we gain insights into how financial experts perceive DoubleVerify Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matthew Swanson | RBC Capital | Maintains | Outperform | $40.00 | $40.00 |
| Brian Pitz | BMO Capital | Lowers | Outperform | $38.00 | $42.00 |
| Eric Sheridan | Goldman Sachs | Lowers | Buy | $25.00 | $38.00 |
| Matthew Swanson | RBC Capital | Lowers | Outperform | $40.00 | $49.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $30.00 | $40.00 |
| Andrew Boone | JMP Securities | Lowers | Market Outperform | $34.00 | $40.00 |
| Michael Graham | Canaccord Genuity | Lowers | Buy | $40.00 | $48.00 |
| Matt Farrell | Piper Sandler | Lowers | Overweight | $30.00 | $40.00 |
| Mark Kelley | Stifel | Lowers | Buy | $25.00 | $37.00 |
| Youssef Squali | Truist Securities | Lowers | Buy | $32.00 | $39.00 |
| Laura Martin | Needham | Lowers | Buy | $33.00 | $45.00 |
| Vikram Kesavabhotla | Baird | Lowers | Outperform | $34.00 | $42.00 |
| Justin Patterson | Keybanc | Lowers | Overweight | $39.00 | $45.00 |
| Laura Martin | Needham | Maintains | Buy | $45.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to DoubleVerify Hldgs. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DoubleVerify Hldgs compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of DoubleVerify Hldgs's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of DoubleVerify Hldgs's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on DoubleVerify Hldgs analyst ratings.
Unveiling the Story Behind DoubleVerify Hldgs
DoubleVerify Holdings Inc is a digital media measurement and analytics software platform. The DV Authentic Ad ensures that a digital ad was delivered in a brand-safe setting, completely viewable, by a real individual, and in the expected geography, is one of its solutions. It generates revenues from its advertisement customers by charging a Measured Transaction Fee on the volume of Media Transactions Measured on the software platform.
Financial Insights: DoubleVerify Hldgs
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, DoubleVerify Hldgs showcased positive performance, achieving a revenue growth rate of 14.84% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: DoubleVerify Hldgs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 5.08%, the company may face hurdles in effective cost management.
Return on Equity (ROE): DoubleVerify Hldgs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.66%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): DoubleVerify Hldgs's ROA stands out, surpassing industry averages. With an impressive ROA of 0.57%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: DoubleVerify Hldgs's debt-to-equity ratio is below the industry average. With a ratio of 0.08, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.