DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais Sells 5,292 Shares

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.45, for a total transaction of $177,017.40. Following the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,442,853.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DoubleVerify Stock Down 0.7 %

DoubleVerify stock opened at $32.91 on Thursday. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 80.27, a PEG ratio of 3.49 and a beta of 1.01. The firm’s fifty day moving average is $37.65 and its 200 day moving average is $33.63. DoubleVerify Holdings, Inc. has a 52-week low of $26.23 and a 52-week high of $43.00.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $172.23 million for the quarter, compared to the consensus estimate of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. On average, equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in shares of DoubleVerify in the second quarter valued at $26,000. Guinness Atkinson Asset Management Inc purchased a new stake in shares of DoubleVerify in the third quarter valued at $34,000. Signaturefd LLC raised its stake in shares of DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after acquiring an additional 498 shares during the period. Huntington National Bank raised its stake in shares of DoubleVerify by 241.7% in the second quarter. Huntington National Bank now owns 1,056 shares of the company’s stock valued at $41,000 after acquiring an additional 747 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of DoubleVerify in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DV. Robert W. Baird upped their target price on shares of DoubleVerify from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Morgan Stanley began coverage on shares of DoubleVerify in a report on Wednesday, December 13th. They set an “overweight” rating and a $40.00 target price for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 target price (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. KeyCorp upped their target price on shares of DoubleVerify from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.