 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
DoubleVerify Holdings, Inc. (DV) 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.
On August 3rd, Doubleverify reported 2nd Quarter June 2022 earnings of $0.06 per share on revenue of $109.8 million. The consensus earnings estimate was $0.04 per share on revenue of $103.1 million. Revenue grew 43.5% on a year-over-year basis.
The company said it expects third quarter revenue of $108.0 million to $110.0 million and 2022 revenue of $448.0 million to $450.0 million. The company's previous guidance was 2022 revenue of $439.0 million to $445.0 million. The prior revenue estimate was $107.29 million for the quarter ending September 30, 2022 and revenue of $441.16 million for the year ending December 31, 2022.
Since the report, shares have formed a bullish "double bottom." The formation is supported by the stock's 50-day moving average. It reports on November 8th. Higher share prices are expected.
Entry Point: $29.00
Stop Loss: $27.50
Trading Range: $17.22 to $40.79
Target Price: $31.90
