DoubleVerify Holdings, Inc. (NYSE:DV) Receives $34.05 Consensus PT from Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received an average recommendation of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $34.05.

DV has been the subject of a number of research analyst reports. Canaccord Genuity Group dropped their target price on shares of DoubleVerify from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. The Goldman Sachs Group reduced their target price on shares of DoubleVerify from $38.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Truist Financial lowered their price target on DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Robert W. Baird reduced their price objective on DoubleVerify from $42.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Finally, JMP Securities lowered their target price on DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 8th.

DoubleVerify Trading Down 0.4 %

DoubleVerify stock opened at $19.95 on Wednesday. The stock has a fifty day moving average price of $19.50 and a 200 day moving average price of $29.96. DoubleVerify has a 52 week low of $17.50 and a 52 week high of $43.00. The firm has a market capitalization of $3.43 billion, a P/E ratio of 52.50, a PEG ratio of 3.07 and a beta of 0.93.

DoubleVerify (NYSE:DV) last released its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $140.70 million during 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%. DoubleVerify’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. As a group, equities analysts predict that DoubleVerify will post 0.31 EPS for the current year.

DoubleVerify declared that its Board of Directors has approved a share buyback plan on Thursday, May 16th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total transaction of $27,900.00. Following the completion of the transaction, the insider now owns 145,944 shares of the company’s stock, valued at $4,524,264. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $31.00, for a total transaction of $27,900.00. Following the completion of the transaction, the insider now directly owns 145,944 shares in the company, valued at $4,524,264. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nicola T. Allais sold 5,292 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $30.86, for a total value of $163,311.12. Following the completion of the sale, the chief financial officer now owns 73,030 shares in the company, valued at $2,253,705.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,856 shares of company stock valued at $254,291. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoubleVerify

Several large investors have recently bought and sold shares of DV. Congress Asset Management Co. MA boosted its stake in 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of DoubleVerify by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after purchasing an additional 2,017,687 shares in the last quarter. Norges Bank acquired a new position in shares of DoubleVerify in the 4th quarter worth approximately $58,477,000. Jericho Capital Asset Management L.P. bought a new position in shares of DoubleVerify in the first quarter valued at $53,584,000. Finally, Brown Capital Management LLC lifted its position in shares of DoubleVerify by 128.1% during the 4th quarter. Brown Capital Management LLC now owns 2,236,450 shares of the company’s stock valued at $82,257,000 after acquiring an additional 1,256,195 shares during the last quarter. Institutional investors and hedge funds 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.