DoubleVerify Holdings, Inc. (NYSE:DV) Receives $34.05 Average PT from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has earned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.05.

A number of equities research analysts recently weighed in on DV shares. Stifel Nicolaus lowered their price target on shares of DoubleVerify from $37.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. JMP Securities lowered their price target on shares of DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating for the company in a report on Wednesday, May 8th. KeyCorp lowered shares of DoubleVerify from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 8th. Capital One Financial lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, BMO Capital Markets lowered their price target on shares of DoubleVerify from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Thursday, May 9th.

Insider Activity

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $20.02, for a total value of $35,315.28. Following the sale, the chief financial officer now directly owns 77,314 shares in the company, valued at approximately $1,547,826.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.85, for a total value of $27,765.00. Following the sale, the insider now directly owns 139,802 shares in the company, valued at approximately $4,312,891.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $20.02, for a total transaction of $35,315.28. Following the sale, the chief financial officer now owns 77,314 shares in the company, valued at $1,547,826.28. The disclosure for this sale can be found here. In the last three months, insiders sold 8,856 shares of company stock valued at $254,291. Company insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. bought a new stake in shares of DoubleVerify during the 1st quarter worth about $28,000. Signaturefd LLC raised its holdings in shares of DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of DoubleVerify in the 4th quarter worth approximately $42,000. RiverPark Advisors LLC bought a new stake in shares of DoubleVerify in the 1st quarter worth approximately $54,000. Finally, CWM LLC raised its holdings in shares of DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after purchasing an additional 1,900 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Trading Down 0.4 %

Shares of DV stock opened at $19.95 on Wednesday. The company’s fifty day simple moving average is $19.50 and its 200-day simple moving average is $30.07. DoubleVerify has a 52 week low of $17.50 and a 52 week high of $43.00. The company has a market cap of $3.43 billion, a PE ratio of 52.50, a P/E/G ratio of 3.07 and a beta of 0.93.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $140.70 million for the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. Equities research analysts expect that DoubleVerify will post 0.31 EPS for the current fiscal year.

DoubleVerify declared that its board has approved a stock buyback plan on Thursday, May 16th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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.