Truist Financial analyst Youssef Squali maintained a Buy rating on DoubleVerify Holdings (DV – Research Report) on May 10 and set a price target of $32.00. The company’s shares closed last Friday at $18.89.
Squali covers the Communication Services sector, focusing on stocks such as Alphabet Class A, DoorDash, and Nextdoor Holdings. According to TipRanks, Squali has an average return of 14.2% and a 55.46% success rate on recommended stocks.
In addition to Truist Financial, DoubleVerify Holdings also received a Buy from Stifel Nicolaus’s Mark Kelley in a report issued on May 10. However, on May 9, Bank of America Securities downgraded DoubleVerify Holdings (NYSE: DV) to a Sell.
Based on DoubleVerify Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $140.78 million and a net profit of $7.16 million. In comparison, last year the company earned a revenue of $122.59 million and had a net profit of $12.18 million
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DoubleVerify Holdings (DV) Company Description:
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.
