These Analysts Lower Their Forecasts On DoubleVerify Holdings After Downbeat Q3 Results

Core Insights - DoubleVerify Holdings, Inc. reported worse-than-expected third-quarter financial results, with earnings of 6 cents per share, missing market estimates of 9 cents per share, and quarterly sales of $188.621 million, below expectations of $190.262 million [1] - The company lowered its FY2025 sales guidance from $755.376 million to $748.808 million [1] Financial Performance - The company achieved 11% year-over-year growth in the third quarter, indicating disciplined execution and progress in key growth initiatives [2] - Stronger quarterly margins were reported as the company leverages AI to drive efficiencies [2] Product Innovation - DoubleVerify launched DV AI Verification to enhance transparency, performance, and protection for advertisers, showcasing its commitment to innovation in the AI era [2] - The new DV Authentic Advantage solution is gaining traction with leading global brands, highlighting demand for performance-driven tools [2] Stock Performance - Following the earnings announcement, DoubleVerify shares gained 10.5%, trading at $10.38 [2] Analyst Ratings and Price Targets - Needham analyst Laura Martin maintained a Buy rating but lowered the price target from $18 to $12 [5] - Stifel analyst Mark Kelley also maintained a Buy rating, cutting the price target from $20 to $15 [5] - Scotiabank analyst Nat Schindler maintained a Sector Outperform rating, lowering the price target from $24 to $16 [5] - RBC Capital analyst Matthew Swanson maintained an Outperform rating, reducing the price target from $23 to $20 [5] - Truist Securities analyst Youssef Squali maintained a Buy rating, lowering the price target from $22 to $17 [5]