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KeyBanc maintained its Sector Weight rating on DoubleVerify (NYSE:DV) Monday while raising its revenue and earnings estimates following the company’s Innovation Day. The research firm increased its 2025 revenue forecast by 3% to $744 million and its 2026 estimate by 2% to $824 million. According to InvestingPro data, the company currently maintains impressive gross profit margins of 82.3% and shows strong financial health with a current ratio of 3.72. InvestingPro analysis suggests the stock is currently trading below its Fair Value.
KeyBanc also raised its EBITDA projections, boosting its 2025 estimate by 3% to $238 million and its 2026 forecast by 1% to $265 million. The firm noted that DoubleVerify’s core business "appears to be stabilizing" amid the introduction of new products. The company’s last twelve months EBITDA stands at $119.2 million, with revenue growing at 15.3% year-over-year.
The digital media measurement company’s new offerings are priced as a percentage of media, which KeyBanc believes provides advertisers with "more flexibility on purchases." This pricing approach represents a shift in DoubleVerify’s business model. InvestingPro subscribers can access additional insights through the comprehensive Pro Research Report, which includes detailed analysis of the company’s business model and growth prospects.
KeyBanc expressed optimism about DoubleVerify’s strong start to 2025 and suggested there might be "some conservatism" in the company’s guidance for the second half of the year. The firm’s analysis indicates potential upside to current forecasts.
Despite the improved outlook, KeyBanc maintained its neutral Sector Weight rating, stating it would like to see "more progress with performance products lifting attach rates across channels" before taking a more positive stance on the stock.
In other recent news, DoubleVerify has been the focus of several developments following its 2025 Innovation Day event. The company unveiled its new DV Media AdVantage Platform (DV MAP), which integrates capabilities from its recent acquisitions of Scibids and Rockerbox to enhance its ad tech suite. As part of this platform, DoubleVerify launched the DV Authentic AdVantage solution, combining media quality controls with AI optimization for video advertising. Analysts at Stifel raised their price target for DoubleVerify to $18, maintaining a Buy rating, citing potential increased product adoption and upsell opportunities from the new platform. Canaccord Genuity also maintained its Buy rating, with a $24 price target, highlighting DoubleVerify’s updated guidance for a 13% full-year growth outlook. Meanwhile, Citizens JMP kept its Market Outperform rating and $20 price target, pointing to the integration of new products as a driver for future monetization. Additionally, Osisko Development Corp. provided an update on its Cariboo Gold Project, filing a Form 6-K with the SEC that includes a feasibility study prepared according to NI 43-101 standards. This report provides insights into the project’s viability, fulfilling the company’s regulatory obligations and offering transparency to investors.
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