V), indicating a potential downside from its current trading price.DoubleVerify (NYSEV) is an advertising technology company that specializes in providing analytics to help advertisers evaluate the effectiveness of their spending. The company has been a key player in the adtech industry, offering solutions that ensure ads are viewed by real people and in brand-safe environments. Despite its innovative offerings, DoubleVerify faces competition from other adtech firms like The Trade Desk and PubMatic.
On February 28, 2025, Mark Kelley from Stifel Nicolaus set a price target of $20 for DoubleVerify. At that time, the stock was trading at $22.02, indicating a price difference of approximately -9.17% from the target. This target suggests a cautious outlook on the stock's future performance, especially given the recent financial results.
DoubleVerify's shares plummeted by 36% on a Friday, reaching an all-time low after the company released its financial results for the fourth quarter of 2024. By 3:40 p.m. ET, the stock had dropped 38% during the trading session. The company's fourth-quarter revenue of $191 million fell short of the management's guidance of at least $194 million, showing only a 9% increase. This shortfall has raised concerns among investors.
The company's revenue growth has been slowing down over the years. In 2021 and 2022, DoubleVerify's revenue grew by 36%, followed by a 27% increase in 2023. However, the growth decelerated to 15% in 2024, and the company projects a further slowdown to 10% in 2025. This trend is concerning for investors who expect robust growth from a niche adtech stock.
Currently, DoubleVerify's stock is priced at $13.90, experiencing a significant decrease of 36.03%, dropping by $7.83. The day's trading has seen a low of $13.42 and a high of $17.09. Over the past year, the stock reached a high of $35.57 and a low of $13.42. The company's market capitalization stands at approximately $2.35 billion, with a trading volume of 14,090,734 shares.
