DoubleVerify (DV) to Release Earnings on Thursday

DoubleVerify (NYSE:DV) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $196.82 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

DoubleVerify Stock Performance

DV stock opened at $22.10 on Wednesday. The company has a fifty day moving average price of $20.59 and a 200-day moving average price of $19.29. The company has a market capitalization of $3.74 billion, a P/E ratio of 59.72, a PEG ratio of 2.63 and a beta of 0.99. DoubleVerify has a 52-week low of $16.11 and a 52-week high of $43.00.

DoubleVerify declared that its board has initiated a stock buyback plan on Wednesday, November 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DV shares. Morgan Stanley dropped their price target on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Macquarie reiterated an “outperform” rating and set a $19.00 price objective on shares of DoubleVerify in a research report on Thursday, November 7th. Barclays reduced their price target on shares of DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Truist Financial reduced their price target on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Scotiabank initiated coverage on shares of DoubleVerify in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.

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.