DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $30,358.44 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $17.21, for a total value of $30,358.44. Following the completion of the transaction, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,404,301.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

DoubleVerify Price Performance

Shares of DV opened at $16.76 on Friday. DoubleVerify Holdings, Inc. has a 1 year low of $16.38 and a 1 year high of $43.00. The stock’s fifty day moving average price is $18.20 and its two-hundred day moving average price is $21.69. The firm has a market cap of $2.88 billion, a PE ratio of 44.11, a PEG ratio of 2.32 and a beta of 0.90.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The business had revenue of $155.89 million for the quarter, compared to the consensus estimate of $153.78 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DV has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 target price on shares of DoubleVerify in a report on Friday, September 13th. Barclays reduced their price objective on shares of DoubleVerify from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Morgan Stanley lifted their price target on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of DoubleVerify in a research note on Friday, June 14th. Finally, Macquarie reaffirmed an “outperform” rating and set a $25.00 target price on shares of DoubleVerify in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.

Institutional Investors Weigh In On DoubleVerify

Several institutional investors have recently made changes to their positions in DV. Assenagon Asset Management S.A. bought a new position in shares of DoubleVerify in the second quarter worth approximately $73,268,000. Congress Asset Management Co. MA boosted its stake in shares of DoubleVerify by 813.2% in the 1st 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 in the last quarter. Burgundy Asset Management Ltd. bought a new position in shares of DoubleVerify during the second quarter valued at about $54,099,000. Mackenzie Financial Corp purchased a new position in DoubleVerify in the 2nd quarter worth approximately $53,015,000. Finally, Vanguard Group Inc. grew its holdings in DoubleVerify by 15.0% in the 4th 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 last quarter. Hedge funds and other 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.