8 analysts have shared their evaluations of DoubleVerify Hldgs DV during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 6 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 4 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $44.5, along with a high estimate of $48.00 and a low estimate of $40.00. Surpassing the previous average price target of $39.25, the current average has increased by 13.38%.
Interpreting Analyst Ratings: A Closer Look
The standing of DoubleVerify Hldgs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Justin Patterson | Keybanc | Raises | Overweight | $48.00 | $40.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $45.00 | $39.00 |
| Vikram Kesavabhotla | Baird | Raises | Outperform | $44.00 | $38.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $43.00 | $40.00 |
| Omar Dessouky | B of A Securities | Announces | Buy | $47.00 | - |
| Brian Pitz | BMO Capital | Announces | Outperform | $44.00 | - |
| Laura Martin | Needham | Maintains | Buy | $45.00 | - |
| Matthew Cost | Morgan Stanley | Announces | Overweight | $40.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to DoubleVerify Hldgs. This insight gives a snapshot of 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: Delving into movements, analysts provide estimates for the future value of DoubleVerify Hldgs's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into DoubleVerify Hldgs's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on DoubleVerify Hldgs analyst ratings.
About DoubleVerify Hldgs
DoubleVerify Holdings Inc is a digital media measurement and analytics software platform. The 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.
A Deep Dive into DoubleVerify Hldgs's Financials
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: DoubleVerify Hldgs displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 28.26%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.27%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.37%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): DoubleVerify Hldgs's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.18% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: DoubleVerify Hldgs's debt-to-equity ratio is below the industry average at 0.09, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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