DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $33,957.00 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $19.25, for a total value of $33,957.00. Following the sale, the chief financial officer now owns 77,314 shares of the company’s stock, valued at $1,488,294.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

DoubleVerify Trading Down 2.4 %

DV traded down $0.45 during trading hours on Wednesday, hitting $18.52. The company’s stock had a trading volume of 3,765,525 shares, compared to its average volume of 2,426,860. DoubleVerify Holdings, Inc. has a 12 month low of $17.50 and a 12 month high of $43.00. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 50.05, a P/E/G ratio of 2.75 and a beta of 0.93. The business’s 50-day moving average price is $19.45 and its 200-day moving average price is $28.00.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $155.89 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

DoubleVerify declared that its board has authorized a share buyback plan on Thursday, May 16th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors have recently made changes to their positions in the company. Whittier Trust Co. bought a new stake in shares of DoubleVerify during the first quarter worth $28,000. GAMMA Investing LLC bought a new position in DoubleVerify in the 4th quarter worth about $42,000. Signaturefd LLC increased its position in shares of DoubleVerify by 84.7% during the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after acquiring an additional 498 shares during the period. Quadrant Capital Group LLC raised its stake in shares of DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after acquiring an additional 587 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in shares of DoubleVerify in the first quarter valued at approximately $54,000. Institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DV shares. Morgan Stanley lifted their target price on 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 cut their price objective on DoubleVerify from $37.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Capital One Financial cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Truist Financial dropped their price target on shares of DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, BMO Capital Markets reduced their price objective on shares of DoubleVerify from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.53.

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.