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DV
DoubleVerify Holdings, Inc.NYSECommunication ServicesAdvertising AgenciesSnapshot 2026-06-12
Intact
$10.20-0.29%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, but risk is elevated and the sector backdrop presents a headwind. Earnings quality is neutral, and compared with sector peers, DV is above typical. Peer multiples imply a price about 9% below where it trades (it looks expensive on this basis); the read is fair. This assessment is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Advertising Agencies
- Market cap
- $1.57B
- Employees
- 1,231
- IPO date
- 2021-03-17
- Next earnings
- 2026-08-05
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $10.20. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$9.37consensus
Range $7.71 – $11.26
vs price: +9% above
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$21.48consensus
Range $14.52 – $26.95
vs price: -53% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Aligned with peersmedium confidence
At $10 DV trades at 12× p/e, in line with its 12× p/e peer median. Our $9.37 fair value reflects that, medium confidence. Not investment advice.
Multiple (P/E)
12.0x
peer 11.7x · own history 48.1x
Premium
1.0x peer
0.2x its own history
Growth the price needs
9%
our forecast 15%
Our fair value
$9.37
range $7.34 – $11.26
WhyValuation methods disagree
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair12-month view
What's priced inJustified
The market is pricing in roughly 9% near-term growth, in line with our forecast of about 15%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
No fragility gates fired. Regime (Crisis) does not concentrate fragility.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated strong grew net income 63% of the time over the next year (vs 52% for the rest of the cohort, n=701).
91st pctl · Communication Services
Earnings quality
neutralOver the trailing year it converted 3.25x of net income into operating cash flow. Historically, Communication Services names rated neutral grew net income 54% of the time over the next year (vs 48% for the rest of the cohort, n=690).
66th pctl · Communication Services
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Bullish9 analysts, 55% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.27 → $0.27 (+0.9% / 30d). 4 raised, 2 cut, 9 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 55% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: communication services is in declining, with may be transitioning (~0.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme generative-AI.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- strong
- Earnings discipline
- weak
- Margin discipline
- strong
- Balance sheet
- neutral
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$149.
How much price usually moves either way.
On a bad day, this stock has moved -$448.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,708.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideMedium confidenceQuartersactive 14d
Watch for operating income to rise above $20M in Q2
Why it matters: If it goes above $20M, it shows good cost control. This can help make more money.
What confirms / what disproves
Confirms:Operating income was above $20M for Q2.
Disproves:Operating income was below $15M for Q2.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for DV yet.
This sector is also watching
- Watch for revenue growth cooling below 10% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for DV and other Communication Services names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like OMC, TTD, and MGNI keep beating earnings and guiding higher, the Communication Services sector momentum should keep lifting DV and other Communication Services names. Worth watching these names for early signals.
- If DV raises forward guidance on the next earnings call (currently NEW as of 2026-05-06), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If DV cuts guidance on the next call (currently NEW as of 2026-05-06), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like OMC, TTD, and MGNI start missing or guiding lower, the Communication Services tailwind helping DV and other Communication Services names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-061mo agoItem 2.02
and in Exhibit 99.1 attached to this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference…
Earnings preannouncement—
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
About the same as last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.