DoubleVerify Holdings Inc is a technology company that specializes in digital media measurement and analytics
It provides solutions to verify the quality of digital advertising and ensure that ads are being delivered as intended. Through its platform, DoubleVerify assesses ad viewability, brand safety, and engagement metrics, helping brands and publishers optimize their advertising campaigns and enhance consumer trust. The company aims to ensure that advertisements are served in a transparent and effective manner, ultimately contributing to a more efficient digital advertising ecosystem.
Shares of digital media measurement and analytics provider DoubleVerify (NYSEDV)
jumped 10.4% in the afternoon session after the stock rebounded from its large post-earnings drop as Bank of America upgraded its rating from Sell to Hold, citing limited downsides, given the combination of "conservative guidance, forthcoming product cycles, and a duopoly position in the ad verification market." The large post-earnings drop is likely spurring some investors to look at the name and re-assess at the lower price and valuation multiple. However, we note that the stock is still down from where it traded before it reported.
Application software companies were among the tech names that saw a spike in retail following, with the increasing interest fueled by catalytic events.
In this brief market report, we will take a look at the various asset classes, sectors, equity categories, ETFs, and stocks that moved the market higher, as well as the market segments that defied the trend by moving lower.
Shares of digital media measurement and analytics provider DoubleVerify (NYSEDV)
fell 36.9% in the afternoon session after the company reported weak fourth-quarter 2024 results, which missed analysts' expectations across all key metrics. Its revenue and EBITDA guidance for next quarter also fell short of Wall Street's estimates. DV noted the loss of a CPG customer in the quarter due to that customer's struggles with commodity price inflation. The company also continues to see headwinds from a group of 6 consumer companies that reduced spend a few quarters ago as well. Tailwinds that should be buoying the business such as social media, connected TV, and winning customers from competitor Moat are not making up for the challenges faced. We note that ad tech companies had weaker quarters in general, as both The Trade Desk and PubMatic missed on revenue and guided below for next quarter. DV wasn't spared, and the stock traded down.
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The revenue miss was due to a slowdown in spending from existing customers that began in October and one of the company’s largest customers pulling back its business significantly.
Digital media measurement and analytics provider DoubleVerify (NYSEDV) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 10.7% year on year to $190.6 million. Next quarter’s revenue guidance of $153 million underwhelmed, coming in 3% below analysts’ estimates. Its GAAP profit of $0.14 per share was 23.2% below analysts’ consensus estimates.
Based on a technical and fundamental analysis of NYSE:DV we can say: DOUBLEVERIFY HOLDINGS INC (NYSEDV), a strong growth stock, setting up for a breakout.
Digital media measurement and analytics provider DoubleVerify (NYSEDV)
will be reporting results tomorrow afternoon. Here’s what investors should know.
NYSE:DV is scoring great on several growth aspects while it also shows decent health and profitability. At the same time it remains remains attractively priced.
Based on technical and fundamental analysis of NYSE:DV we find: DOUBLEVERIFY HOLDINGS INC (NYSEDV) qualifies as a high growth stock and is consolidating.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sales and marketing software stocks fared in Q3, starting with ON24 (NYSEONTF).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the advertising software industry, including DoubleVerify (NYSEDV) and its peers.
Shares of digital media measurement and analytics provider DoubleVerify (NYSEDV)
jumped 8.8% in the morning session after Stifel analyst Mark Kelley reiterated the stock's Buy rating with a price target of $22 based on news of a potential price hike (from DoubleVerify). He added "We've learned that DoubleVerify is raising prices by roughly 5% on average (pricing ranges from unchanged to +8-10%, depending on the product), effective February 1st." The price increase is expected to improve concerns regarding pricing pressure in the ad verification market and also boost DV's growth outlook.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Braze (NASDAQBRZE) and its peers.
DoubleVerify trades at $20.56 and has moved in lockstep with the market. Its shares have returned 9.3% over the last six months while the S&P 500 has gained 13.5%.
