Investing

4 Recent IPOs Have Potential for Some Huge Gains

DoubleVerify

This stock also recently went public, and the analysts at Goldman Sachs are very positive on it. DoubleVerify Holdings Inc. (NYSE: DV) offers a software platform for digital media measurement, data and analytics.

The company offers DV Authentic Ad, a metric of digital media quality that evaluates the existence of fraud, brand safety, viewability and geography for each digital ad. Its DV Authentic Attention solution provides exposure and engagement predictive analytics to drive campaign performance, and its Custom Contextual solution allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance.

DoubleVerify also provides DV Publisher suite, which includes unified analytic, campaign delivery insight, media quality insight and optimization, industry benchmark and video delivery automation solutions. Its Pinnacle provides customers with access to data on all the digital ads and enables them to make changes to ad strategies on a real-time basis. Connected TV (CTV) solution detects fraudulent device signatures.

The company’s software solutions are integrated across the digital advertising ecosystem, including programmatic platforms, social media channels and digital publishers.

The analysts covering the stock said this after first-quarter earnings were reported:

DoubleVerify got off to a strong start in its first quarter as a public company: total revenue came in 2% ahead of our estimate, and management provided a FY21 outlook which also came in 2% of our prior estimate. The upside to the quarter – and the year – reflected strength in social channels, with transaction volume growth of 75% y/y, and to a lesser extent growth in CTV, which still has a relatively small base.

Goldman Sachs has set its price target at $48. As with some of the others, no consensus was available yet. The stock closed most recently at $36.72 per share.


Once again, it is important to remember these stocks are only suitable for aggressive growth investors with a high risk tolerance. With that caveat stated, they all offer excellent entry points and have posted some solid results out for the gate.

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