DoubleVerify Holdings (DV) AI Stock Analysis

• Market Cap: $2.56B
• Dividend Yield: N/A
• Average Volume (3M): 2.22M
• Price to Earnings (P/E): 50.6
• Beta (1Y): 1.01
• Revenue Growth: 16.54%
• EPS Growth: -12.60%
• Country: US
• Employees: 1,197
• Sector: Technology
• Sector Strength: 80
• Industry: Software - Application
• EPS (TTM): 0.05
• Shares Outstanding: 163,628,370
• 10 Day Avg. Volume: 2,760,738
• 30 Day Avg. Volume: 2,223,126
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 3.34
• Enterprise Value/Gross Profit: 4.06
• Enterprise Value/Ebitda: 16.59
• 1Y Price Target: $20.21
• Price Target Upside: 30.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 16

• Rating: 77 Outperform
• Price Target: $17.50 ▲(12.76% Upside)

DoubleVerify Holdings' strong financial performance and positive earnings call sentiment are the most significant factors driving the overall score. The company's robust revenue growth and strategic expansions are well-received, despite a high P/E ratio indicating potential overvaluation. Technical indicators suggest a neutral trend with potential for upward movement, while recent corporate events further support a positive outlook.

Positive Factors

Customer Base Stability

DoubleVerify enjoys a sticky revenue stream of large, stable brands, making it difficult for new market entrants to take meaningful share.

Product Innovation

DV's pivot toward outcome-oriented ad products is a favorable shift.

Revenue Growth

Second-quarter results exceeded expectations, with revenue ahead of consensus by 4.1% and top-line growth reaccelerating to 21%.

Negative Factors

Customer Challenges

In 2024, DoubleVerify exhibited challenges with a cohort of six customers who were experiencing idiosyncratic issues, negatively impacting DoubleVerify as a result.

Growth Visibility

Limited visibility into CY26 keeps valuation under a lid.

Market Penetration

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

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 presents a solid financial position with strong revenue growth and profitability. The balance sheet is conservatively leveraged, providing stability and flexibility. Cash flow generation is robust, supporting future growth and shareholder value. While profitability margins show slight pressure, the overall financial health remains strong, positioning the company well for continued success in the software application industry.

Income Statement

DoubleVerify Holdings shows strong revenue growth with a TTM increase of 4.86% and consistent profitability. The gross profit margin remains robust at 80.64%, indicating efficient cost management. However, the net profit margin has slightly decreased to 7.55% from the previous year's 8.56%, suggesting some pressure on net earnings. Overall, the company maintains healthy EBIT and EBITDA margins, reflecting solid operational performance.

Balance Sheet

The company's balance sheet is stable with a low debt-to-equity ratio of 0.10, indicating conservative leverage. The return on equity is modest at 4.73%, showing room for improvement in generating returns for shareholders. The equity ratio is strong, suggesting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

DoubleVerify Holdings demonstrates strong cash flow generation, with a free cash flow growth rate of 8.21% TTM. The operating cash flow to net income ratio of 1.46 indicates efficient cash conversion from earnings. The free cash flow to net income ratio of 0.84 suggests a healthy ability to generate cash relative to net income, supporting potential reinvestment and shareholder returns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	714.26M	656.85M	572.54M	452.42M	332.74M	243.92M
Gross Profit	586.37M	540.33M	465.91M	374.55M	278.36M	208.17M
EBITDA	143.59M	135.12M	137.83M	94.60M	57.28M	46.48M
Net Income	52.72M	56.23M	71.47M	43.27M	29.31M	20.45M
Balance Sheet
Total Assets	1.30B	1.28B	1.24B	1.04B	892.19M	511.33M
Cash, Cash Equivalents and Short-Term Investments	216.79M	310.63M	310.13M	267.81M	221.59M	33.35M
Total Debt	103.63M	91.67M	86.39M	83.75M	4.55M	26.96M
Total Liabilities	206.91M	192.75M	169.09M	160.17M	93.13M	94.64M
Stockholders Equity	1.09B	1.08B	1.07B	876.86M	799.07M	416.69M
Cash Flow
Free Cash Flow	149.88M	132.51M	102.73M	54.88M	73.35M	11.46M
Operating Cash Flow	179.28M	159.66M	119.74M	94.86M	82.75M	21.22M
Investing Cash Flow	-36.05M	-44.84M	-84.25M	-39.98M	-158.61M	-9.75M
Financing Cash Flow	-190.93M	-129.45M	6.49M	-7.88M	264.39M	10.38M

DoubleVerify Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DV, the sentiment is Positive. The current price of 15.52 is above the 20-day moving average (MA) of 15.45, above the 50-day MA of 15.19, and below the 200-day MA of 16.73, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 52.12 is Neutral, neither overbought nor oversold. The STOCH value of 61.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DV.

DoubleVerify Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DV	77 Outperform	$2.56B	50.60	4.80%	―	16.54%	-12.60%
SPT	63 Neutral	$854.59M	―	-32.50%	―	14.79%	27.52%
JAMF	62 Neutral	$1.14B	―	-6.68%	―	11.36%	46.67%
ASAN	61 Neutral	$3.32B	―	-83.36%	―	9.84%	13.74%
Sector *	61 Neutral	$35.38B	6.84	-10.99%	1.97%	8.74%	-8.28%
DSP	59 Neutral	$593.00M	276.49	5.20%	―	30.92%	―
GRND	50 Neutral	$3.20B	―	-76.08%	―	28.35%	24.57%

DoubleVerify Holdings Corporate Events

DoubleVerify Updates CEO Mark Zagorski’s Employment Terms

On July 21, 2025, DoubleVerify Inc. announced an amended and restated employment agreement with CEO Mark Zagorski, ensuring his continued leadership. The agreement includes a base salary of $669,500, a target bonus equal to the base salary, and $2.5 million in restricted stock units. It also outlines severance and bonus entitlements upon termination under specific conditions, along with standard restrictive covenants and confidentiality obligations.

The most recent analyst rating on (DV) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on DoubleVerify Holdings stock, see the DV Stock Forecast page.

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.