DoubleVerify (DV) Scheduled to Post Earnings on Tuesday

DoubleVerify (NYSE:DV) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. DoubleVerify has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

DoubleVerify (NYSE:DV) last posted its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $172.23 million for 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%. On average, analysts expect DoubleVerify to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DoubleVerify Stock Up 0.1 %

DV opened at $30.37 on Monday. The stock has a market cap of $5.21 billion, a PE ratio of 74.07, a PEG ratio of 3.24 and a beta of 1.11. The business has a 50 day moving average of $32.50 and a 200-day moving average of $34.31. DoubleVerify has a 52 week low of $26.23 and a 52 week high of $43.00.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DV shares. Bank of America lowered their price target on DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Royal Bank of Canada increased their price target on shares of DoubleVerify from $40.00 to $49.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Macquarie upgraded shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Monday, March 11th. Truist Financial lowered their price objective on DoubleVerify from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of DoubleVerify in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $30.86, for a total transaction of $163,311.12. Following the completion of the transaction, the chief financial officer now owns 73,030 shares in the company, valued at $2,253,705.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Andrew E. Grimmig sold 16,667 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $33.80, for a total transaction of $563,344.60. Following the completion of the transaction, the insider now directly owns 39,468 shares of the company’s stock, valued at $1,334,018.40. The sale was disclosed in a filing with the SEC, which is available 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 transaction, the chief financial officer now owns 73,030 shares of the company’s stock, valued at approximately $2,253,705.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,531 shares of company stock valued at $3,043,004. Corporate insiders own 3.00% 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.