DoubleVerify Holdings, Inc. (NYSE:DV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.50.

A number of brokerages have issued reports on DV. KeyCorp upped their target price on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price target (down previously from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. Robert W. Baird upped their price target on DoubleVerify from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of DoubleVerify in a research report on Thursday, March 28th. Finally, Bank of America reduced their price target on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th.

DoubleVerify Trading Down 2.1 %

Shares of NYSE DV opened at $30.14 on Friday. DoubleVerify has a 12 month low of $26.23 and a 12 month high of $43.00. The stock has a 50 day moving average of $33.93 and a 200-day moving average of $34.15. The company has a market capitalization of $5.18 billion, a P/E ratio of 73.51, a P/E/G ratio of 3.26 and a beta of 1.04.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $172.23 million during the quarter, compared to the consensus estimate of $171.85 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. Analysts predict that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Activity at DoubleVerify

In other news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now directly owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was 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 directly owns 73,030 shares in the company, valued at approximately $2,253,705.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The disclosure for this sale can be found here. Insiders have sold a total of 91,531 shares of company stock worth $3,043,004 in the last 90 days. Company insiders own 3.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of DoubleVerify by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after acquiring an additional 2,017,687 shares during the period. Capital World Investors boosted its holdings in DoubleVerify by 6.0% in the fourth quarter. Capital World Investors now owns 5,283,932 shares of the company’s stock valued at $194,343,000 after purchasing an additional 301,011 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in DoubleVerify by 813.2% in 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 purchasing an additional 3,577,575 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of DoubleVerify by 39.4% in the third quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock worth $107,076,000 after acquiring an additional 1,082,615 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of DoubleVerify by 19.2% in the third quarter. Wellington Management Group LLP now owns 2,734,735 shares of the company’s stock worth $76,436,000 after acquiring an additional 441,278 shares during the period. Institutional investors own 97.29% of the company’s stock.

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.