DoubleVerify Holdings (DV) AI Stock Analysis

• Market Cap: $2.38B
• Dividend Yield: N/A
• Average Volume (3M): 2.89M
• Price to Earnings (P/E): 49.3
• Beta (1Y): 1.11
• Revenue Growth: 15.30%
• EPS Growth: -22.69%
• Country: US
• Employees: 1,197
• Sector: Technology
• Sector Strength: 91
• Industry: Software - Application
• EPS (TTM): 0.01
• Shares Outstanding: 162,502,600
• 10 Day Avg. Volume: 1,822,537
• 30 Day Avg. Volume: 2,885,956
• PEG Ratio: 0.38
• Price to Book (P/B): 17.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 240.12
• Enterprise Value/Market Cap: 2.40
• Enterprise Value/Revenue: 2.20
• Enterprise Value/Gross Profit: 10.39
• Enterprise Value/Ebitda: 10.57
• 1Y Price Target: $19.07
• Price Target Upside: 30.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 17

• Rating: 76 Outperform
• Price Target: $16.50 ▲(12.78%Upside)

DoubleVerify Holdings scores well due to strong financial health and positive corporate events. However, technical analysis and valuation indicate caution, with high P/E ratio and stock trading below long-term averages. Earnings call sentiments are positive but tempered by macroeconomic concerns.

Positive Factors

Earnings Guidance

The company raised its guidance for second quarter revenue, indicating a positive outlook for future earnings.

Product Integration

By integrating several recently acquired technologies into a single platform, DV expects to improve both media quality in terms of suitability performance as well as actual KPIs.

Product Launch

DV launched Authentic AdVantage, which helps brands advertise without compromising on cost efficiency, media quality, or performance.

Negative Factors

Growth Challenges

Without a clearly articulated plan to increase penetration, it is difficult to underwrite a reacceleration to previous growth levels.

Market Visibility

Analyst remains on the sidelines until there is better visibility into sustainable growth.

Penetration Strategy

Despite the potential to drive significant value for customers, there is difficulty in forecasting a reacceleration to CY23 levels due to the lack of a clearly articulated plan to increase penetration.

DoubleVerify Holdings Business Overview & Revenue Model

Company Description

DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments. The company's solutions include DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud, brand safety, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance. Its solutions also comprise DV Publisher suite, a solution for digital publishers to manage revenue and increase inventory yield by improving video delivery, identifying lost or unfilled sales, and aggregate data across all inventory sources; and DV Pinnacle, a service and analytics platform user interface that allows its customers to adjust and deploy controls for their media plan and track campaign performance metrics across channels, formats, and devices. The company's software solutions are integrated in the digital advertising ecosystem, including programmatic platforms, connected TV, social media channels, and digital publishers. It serves brands, publishers, and other supply-side customers covering various industry verticals, including consumer packaged goods, financial services, telecommunications, technology, automotive, and healthcare. The company was founded in 2008 and is headquartered in New York, New York.

How the Company Makes Money

DoubleVerify makes money primarily through a subscription-based revenue model, where advertisers and agencies pay recurring fees to access its platform and services. The company's key revenue streams include fees from its measurement and analytics solutions, which provide insights into the performance, quality, and effectiveness of digital advertising campaigns. Additionally, DoubleVerify may generate revenue from strategic partnerships with major digital platforms and publishers, enhancing its reach and integration capabilities. The company's earnings are significantly influenced by the growing demand for digital advertising transparency and accountability, as well as its ability to innovate and expand its technology offerings to meet evolving industry needs.

DoubleVerify Holdings Financial Statement Overview

Summary

DoubleVerify Holdings demonstrates strong financial health with robust revenue growth and high gross margins. The balance sheet is solid with a low debt-to-equity ratio, though net profit margin consistency needs attention.

Income Statement

DoubleVerify Holdings has demonstrated strong revenue growth with a significant increase from $243.9M in 2020 to $681.1M in TTM 2025. The Gross Profit Margin remains robust, consistently above 80%, indicating efficient cost management. However, the Net Profit Margin has slightly fluctuated, currently at 7.6% TTM 2025, down from 10.5% in 2023. EBIT and EBITDA margins have been stable, reflecting solid operational performance.

Balance Sheet

The company maintains a strong equity position with an Equity Ratio of 82.6% in TTM 2025, indicating financial stability. The Debt-to-Equity Ratio is low at 0.1, suggesting conservative leverage. Return on Equity (ROE) is moderate at 5.0% in TTM 2025, reflecting steady profitability relative to equity.

Cash Flow

Operating Cash Flow has shown consistent growth, currently at $165.6M in TTM 2025. Free Cash Flow has also increased, with a Free Cash Flow to Net Income Ratio of 2.69, indicating efficient conversion of earnings into cash. However, fluctuations in investing and financing cash flows highlight potential variability in capital expenditures and financing activities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	681.13M	656.85M	572.54M	452.42M	332.74M	243.92M
Gross Profit	549.26M	540.33M	465.91M	374.55M	278.36M	208.17M
EBITDA	137.36M	135.12M	137.83M	94.60M	57.28M	46.48M
Net Income	51.44M	56.23M	71.47M	43.27M	29.31M	20.45M
Balance Sheet
Total Assets	1.25B	1.28B	1.24B	1.04B	892.19M	511.33M
Cash, Cash Equivalents and Short-Term Investments	174.29M	310.63M	310.13M	267.81M	221.59M	33.35M
Total Debt	105.34M	91.67M	86.39M	83.75M	4.55M	26.96M
Total Liabilities	216.56M	192.75M	169.09M	160.17M	93.13M	94.64M
Stockholders Equity	1.03B	1.08B	1.07B	876.86M	799.07M	416.69M
Cash Flow
Free Cash Flow	138.51M	132.51M	102.73M	54.88M	73.35M	11.46M
Operating Cash Flow	165.55M	159.66M	119.74M	94.86M	82.75M	21.22M
Investing Cash Flow	-96.10M	-44.84M	-84.25M	-39.98M	-158.61M	-9.75M
Financing Cash Flow	-214.29M	-129.45M	6.49M	-7.88M	264.39M	10.38M

DoubleVerify Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.63
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DV, the sentiment is Negative. The current price of 14.63 is below the 20-day moving average (MA) of 14.88, above the 50-day MA of 14.35, and below the 200-day MA of 16.96, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of 58.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DV.

DoubleVerify Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DV	76 Outperform	$2.38B	49.33	4.83%	―	15.30%	-22.69%
DSP	65 Neutral	$808.99M	429.57	4.15%	―	30.64%	―
SPT	64 Neutral	$1.10B	―	-36.95%	―	17.79%	16.49%
ASAN	64 Neutral	$3.27B	―	-83.36%	―	9.84%	13.74%
GRND	60 Neutral	$4.15B	―	-63.52%	―	30.08%	-196.62%
JAMF	59 Neutral	$1.07B	―	-6.48%	―	10.75%	56.37%
Sector *	57 Neutral	$909.02M	14.24	-16.47%	3.42%	10.51%	-36.46%

DoubleVerify Holdings Corporate Events

DoubleVerify Updates Financial Guidance for 2025

DoubleVerify announced updated financial guidance for the second quarter and full year 2025 ahead of its Innovation Day on June 11, 2025. The company expects significant revenue growth, reflecting strong demand for its solutions, with second-quarter revenue projected to increase by 17% year-over-year and full-year revenue growth anticipated at 13%.

The most recent analyst rating on (DV) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on DoubleVerify Holdings stock, see the DV Stock Forecast page.

DoubleVerify Appoints Jennifer Storms to Board of Directors

On June 2, 2025, DoubleVerify Holdings appointed Jennifer Storms, Chief Marketing Officer of NBCUniversal Television & Streaming, to its Board of Directors. Storms will serve as a Class I director until 2028 and join the Nominating and Corporate Governance Committee. Her extensive experience in media, marketing, and sports is expected to contribute significantly to DoubleVerify’s growth in connected TV (CTV) and deepen its relationships with advertisers globally.

The most recent analyst rating on (DV) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on DoubleVerify Holdings stock, see the DV Stock Forecast page.