DoubleVerify Holdings Inc(DV)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
2-STAR RATING
Consider higher Upturn Star rating
BUY for 62 days
PROFIT SINCE LAST BUY
+23.71% ▲
LAST CLOSE
$13.41
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for DV

09/25/2026: DV (2-star) has a low Upturn Star Rating. Not recommended to BUY.

DoubleVerify Holdings Inc is a growth-oriented company providing essential verification and analytics software for digital advertising. Its primary strength lies in its 'DV Authentic Ad' suite, which is widely used to ensure campaign quality across major digital platforms. The company's growth story is driven by the shift toward CTV and AI-powered ad performance optimization. However, it faces risks from potential regulatory changes in data privacy, competition from platform-native tools, and cyclical advertising spend. DoubleVerify may suit growth-oriented investors looking for exposure to the digital media quality sector, with the outlook depending on successful product innovation and expanding its share in emerging ad channels.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company operates in a high-growth sector with a scalable model.
Momentum investorMixed fitMomentum depends on broader tech market cycles and quarterly execution.
Value investorWeak fitThe stock often trades at a premium valuation typical of growth software.
Dividend investorWeak fitThe company does not pay dividends and reinvests for growth.
Low-risk investorWeak fitHigh growth stocks are subject to significant price volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighTechnology growth stocks often experience sharp price swings based on sentiment.
Valuation riskMedium / highFuture growth expectations are often baked into the current stock price.
Competition risk (AI competition)MediumNew AI-driven entrants or platform native tools could challenge DV's moats.
Business qualityStrongThe company benefits from strong recurring revenue and high switching costs.
Dividend incomeLow / noneInvestors should not expect income from this investment.
Execution riskMediumMaintaining product superiority in a shifting digital landscape is operationally demanding.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -45.87%
Avg. Invested days 39
Today’s Advisory Consider higher Upturn Star rating
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Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DV receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
DV has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 23.1%) and solid revenue growth (+13.9%) are partially offset by negative earnings growth (-9.9%), soft profitability (net margin 6.8%), modest insider ownership of 1.21%.

Financial Health Rating

★★★★★
DV's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 29.4%). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is DV's strongest growth driver at +30.3% FY2025 versus FY2024 (solid, 4 stars). By comparison, revenue growth (+13.9%, solid) is also solid, while earnings growth (-9.9%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 107.4% and approximately 87.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.21% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 12.49%
Providence Equity Partners L.L.C. 11.83%
AQR Capital Management LLC 7.54%
Disciplined Growth Investors Inc 6.25%
Vanguard Portfolio Management, LLC 4.88%

Unit Economics (Per $1K Revenue)

★★★★★
DV generates approximately $822 of gross profit, $106 of operating income, and $231 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 38.76%

Quantitative Style Profile

★★★★★
DV has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.07B USD
Price to earnings Ratio 38.2
1Y Target Price 13.48
Price to earnings Ratio 38.2
1Y Target Price 13.48
Volume (30-day avg) 3.3M shares
Beta 1
52 Weeks Range 7.64 - 13.65
Updated Date 09/25/2026
52 Weeks Range 7.64 - 13.65
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.35

How Company Makes Money

Business areaWhat it includesRetail investor read
Measurement and AnalyticsSubscription and usage-based fees for the DV Authentic Ad suite.Revenue is earned primarily through usage-based contracts where clients pay based on the volume of media verified.
Advertisement

Valuation

Trailing PE 38.2
Forward PE 23.53
Enterprise Value 1.98B
Price to Sales(TTM) 2.7
Enterprise Value 1.98B
Price to Sales(TTM) 2.7
Enterprise Value to Revenue 2.57
Enterprise Value to EBITDA 12.57
Shares Outstanding 154.99M
Shares Floating 134.99M
Shares Outstanding 154.99M
Shares Floating 134.99M
Percent Insiders 1.21
Percent Institutions 107.39

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About DoubleVerify Holdings Inc

Exchange NYSE
Headquarters New York, NY, United States
IPO Launch date 2021-04-21
CEO & Director Mr. Mark S. Zagorski
Sector Communication Services
Industry Advertising Agencies
Full time employees 1231
Full time employees 1231

DoubleVerify Holdings, Inc. provides media effectiveness platforms in the United States. The company offers DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud, brand suitability, viewability and geography for each digital ad; DV Authentic Attention that provides data to drive campaign performance; Custom Contextual solution, which allows advertisers to match ads to relevant content to maximize user engagement and drive campaign performance; and Scibids AI, an AI-powered digital campaign optimization solution. It also provides Rockerbox, enables advertisers to unify cross-channel conversion and spend data and apply multi-touch attribution, marketing mix modeling, and incrementality testing to measure and optimize the impact of advertising; DV Authentic AdVantage, an AI-powered performance optimization solution for advertisers to improve campaign outcomes across proprietary video platforms; DV Publisher Suite, a unified solution for digital publishers to manage revenue and increase inventory yield, identifying lost or unfilled sales, and aggregate data across inventory sources; and DV Pinnacle which provides detailed insights into customers' media performance on both direct and programmatic media buying platforms and across all key digital media channels, formats, and devices. Its solutions are integrated across digital advertising ecosystem, including programmatic platforms, social media channels, and digital publishers. The company serves consumer packaged goods, financial services, telecommunications, technology, automotive, and healthcare industry verticals. The company was founded in 2008 and is headquartered in New York, New York.