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

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 value of $28,947.24. Following the completion of the transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,339,023.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

DoubleVerify Trading Up 3.5 %

Shares of DoubleVerify stock opened at $16.81 on Friday. The business has a 50-day moving average price of $17.84 and a two-hundred day moving average price of $20.54. The company has a market cap of $2.89 billion, a P/E ratio of 44.24, a PEG ratio of 2.21 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. Equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of DoubleVerify

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 during the last quarter. Assenagon Asset Management S.A. boosted its stake in DoubleVerify by 9.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock valued at $69,440,000 after purchasing an additional 360,445 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of DoubleVerify by 25.9% during the 2nd quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company’s stock worth $59,310,000 after buying an additional 626,586 shares in the last quarter. Burgundy Asset Management Ltd. bought a new position in shares of DoubleVerify during the 2nd quarter worth approximately $54,099,000. Finally, Geneva Capital Management LLC lifted its position in shares of DoubleVerify by 44.9% during the 1st quarter. Geneva Capital Management LLC now owns 2,746,886 shares of the company’s stock worth $96,581,000 after buying an additional 851,346 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays dropped their price target on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Piper Sandler dropped their price target on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday. Macquarie lowered their target price on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. The Goldman Sachs Group lowered their target price on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Stifel Nicolaus lowered their target price on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.65.

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.