DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $163,311.12 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total value of $163,311.12. Following the sale, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,253,705.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

DoubleVerify Price Performance

NYSE:DV traded down $0.65 during trading hours on Thursday, reaching $30.14. 1,578,853 shares of the stock were exchanged, compared to its average volume of 1,796,492. DoubleVerify Holdings, Inc. has a twelve month low of $26.23 and a twelve month high of $43.00. The firm has a 50 day moving average of $34.16 and a 200 day moving average of $34.18. The stock has a market cap of $5.18 billion, a PE ratio of 75.10, a PEG ratio of 3.26 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

DV has been the subject of several recent research reports. Barclays dropped their price objective on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Robert W. Baird boosted their target price on DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. BMO Capital Markets restated an “outperform” rating and set a $42.00 target price (down from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Monday, March 11th. Finally, JMP Securities decreased their target price on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating for the company in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Shaker Investments LLC OH raised its stake in shares of DoubleVerify by 0.4% during the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock worth $2,793,000 after purchasing an additional 280 shares in the last quarter. Assetmark Inc. increased its position in DoubleVerify by 15.1% during the 3rd quarter. Assetmark Inc. now owns 3,279 shares of the company’s stock worth $92,000 after buying an additional 430 shares during the period. Huntington National Bank increased its position in DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after buying an additional 439 shares during the period. Signaturefd LLC increased its position in DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after buying an additional 498 shares during the period. Finally, 1492 Capital Management LLC increased its position in DoubleVerify by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after buying an additional 553 shares during the period. Institutional investors own 97.29% of the company’s stock.

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.