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 the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $16.41, for a total transaction of $28,947.24. Following the transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,339,023.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

DoubleVerify Stock Up 3.2 %

DV stock opened at $17.35 on Friday. The firm has a 50 day moving average of $17.81 and a 200 day moving average of $20.43. The stock has a market capitalization of $2.98 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The company had revenue of $155.89 million during the quarter, compared to analyst estimates of $153.78 million. During the same period last year, the firm posted $0.07 EPS. DoubleVerify’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

DV has been the subject of several research reports. Macquarie lowered their price objective on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Truist Financial lowered their price objective on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Morgan Stanley increased their price objective on shares of DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus lowered their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, JMP Securities reduced their target price on shares of DoubleVerify from $34.00 to $33.00 and set a “market outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.06.

Hedge Funds Weigh In On DoubleVerify

Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its position in DoubleVerify by 62.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 118,415 shares of the company’s stock worth $4,163,000 after buying an additional 45,689 shares during the last quarter. Norden Group LLC purchased a new position in DoubleVerify during the 1st quarter worth approximately $15,297,000. Vanguard Group Inc. increased its holdings in shares of DoubleVerify by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock valued at $552,974,000 after purchasing an additional 216,370 shares in the last quarter. Swiss National Bank increased its holdings in shares of DoubleVerify by 15.4% during the 1st quarter. Swiss National Bank now owns 286,200 shares of the company’s stock valued at $10,063,000 after purchasing an additional 38,200 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of DoubleVerify by 22.0% during the 1st quarter. Russell Investments Group Ltd. now owns 183,243 shares of the company’s stock valued at $6,443,000 after purchasing an additional 33,003 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.