Nicola T. Allais Sells 1,764 Shares of DoubleVerify Holdings, Inc. (NYSE:DV) Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $20.02, for a total transaction of $35,315.28. Following the completion of the sale, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at approximately $1,547,826.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

DoubleVerify Stock Down 0.3 %

Shares of DV stock opened at $19.93 on Thursday. The firm has a market cap of $3.42 billion, a P/E ratio of 52.45, a PEG ratio of 3.08 and a beta of 0.93. The company has a 50 day moving average of $19.91 and a 200-day moving average of $30.26. DoubleVerify Holdings, Inc. has a 12-month low of $17.50 and a 12-month high of $43.00.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a return on equity of 6.46% and a net margin of 11.25%. DoubleVerify’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. As a group, equities analysts expect that DoubleVerify Holdings, Inc. will post 0.31 EPS for the current year.

DoubleVerify announced that its board has initiated a stock repurchase plan on Thursday, May 16th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on DV shares. KeyCorp lowered shares of DoubleVerify from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 8th. The Goldman Sachs Group cut their price target on DoubleVerify from $38.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Needham & Company LLC lowered their price objective on DoubleVerify from $45.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. William Blair cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Canaccord Genuity Group lowered their price target on DoubleVerify from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.05.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors have recently made changes to their positions in the stock. Motley Fool Asset Management LLC bought a new stake in shares of DoubleVerify during the 4th quarter valued at $962,000. Principal Financial Group Inc. grew its holdings in DoubleVerify by 9.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,131,473 shares of the company’s stock valued at $78,396,000 after buying an additional 185,458 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of DoubleVerify by 813.2% during the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after buying an additional 3,577,575 shares during the period. Norden Group LLC purchased a new stake in shares of DoubleVerify in the first quarter worth about $15,297,000. Finally, Ranger Investment Management L.P. boosted its position in shares of DoubleVerify by 26.6% in the fourth quarter. Ranger Investment Management L.P. now owns 907,313 shares of the company’s stock valued at $33,371,000 after acquiring an additional 190,786 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About DoubleVerify

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.