01:35 PM EDT, 07/31/2024 (MT Newswires) -- DoubleVerify Holdings ( DV ) reported solid results for Q2 against a lowered bar as revenue and adjusted EBITDA topped analysts' estimates, RBC Capital Markets said in a note Tuesday.

The company's revenue of $155.9 million and adjusted EBITDA of $46.8 million surpassed the consensus of $153.8 million and $43 million, respectively, RBC said.

"DoubleVerify ( DV ) delivered a solid bounce-back quarter finding stability after consecutive guide downs," RBC said. "While investor confidence will take time to fully rebuild, we like the stability of the quarter."

The firm maintained the company's outperform rating and $33 price target.

Shares of DoubleVerify ( DV ) were down 2.6% in recent Wednesday trading.

Price: 21.03, Change: -0.55, Percent Change: -2.55