Doubleverify Holdings Inc Up 7.32% To $31.09 After Earnings Beat

Doubleverify Holdings Inc (DV) said after close Thursday that it earned $0.08 per share in quarter three 2023.

On the revenue line, the company reported $144 million, beating estimates by $5.1 million.

In the same quarter a year ago, the company earned $0.06 per share on revenue of $112.3 million.

The stock is up 7.32% to $31.09 after the report.

Doubleverify Holdings Inc's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Doubleverify Holdings Inc has performed a little above average during the past few months. Before the report, Doubleverify Holdings Inc received a Long-Term Technical Rank by InvestorsObserver of 59, putting it in the top half of stocks. The firm set a 52-week high on July 31, 2023 at $42.51 and set a 52-week low on January 6, 2023 at $20.38.

DoubleVerify Holdings Inc is a digital media measurement and analytics software platform. The Authentic Ad ensures that a digital ad was delivered in a brand-safe setting, completely viewable, by a real individual, and in the expected geography, is one of its solutions. It generates revenues from its advertisement customers by charging a Measured Transaction Fee on the volume of Media Transactions Measured on the software platform.