Nvidia among investors in xAI’s $20 bln capital raise- Bloomberg
In a challenging market environment, DoubleVerify Holdings Inc. (NYSE:DV) stock has touched a 52-week low, sinking to $12.08. The company, known for its software platform that provides online media verification and fraud protection, has seen its shares tumble significantly over the past year. With a market capitalization of $2.08 billion and impressive gross margins of 82%, the company maintains strong fundamentals despite market pressures. According to InvestingPro analysis, the stock appears undervalued at current levels. This latest price level reflects a stark downturn from previous valuations, with the stock experiencing a precipitous 1-year change of -61.45%. Investors are closely monitoring DoubleVerify’s performance as it navigates through the current economic headwinds that have impacted tech stocks across the board. The company maintains a healthy financial position with a current ratio of 5.4, indicating strong liquidity. InvestingPro subscribers have access to 15 additional key insights and a comprehensive Pro Research Report that provides deep-dive analysis of DV’s valuation and growth prospects.
In other recent news, DoubleVerify reported its fourth-quarter 2024 earnings, revealing a revenue of $191 million, which missed the forecasted $197 million. Despite this shortfall, the company achieved a 15% year-over-year growth in total revenue for 2024, reaching $657 million. Looking ahead, DoubleVerify has set its Q1 2025 revenue guidance between $151 million and $155 million. The company also announced the acquisition of RockerBox, a move aimed at enhancing its performance measurement capabilities. Analyst firms have adjusted their outlooks accordingly; Stifel and Canaccord Genuity both reduced their price targets to $20 and $26, respectively, while maintaining Buy ratings. Meanwhile, Goldman Sachs downgraded the stock from Buy to Neutral, also setting a $20 price target. These revisions reflect challenges such as a significant customer opting for platform-native advertising solutions and a slowdown in brand advertiser spending. Despite these setbacks, DoubleVerify continues to make strategic moves, including the launch of new solutions on Meta (NASDAQ:META) and TikTok platforms.
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