DoubleVerify (NYSE:DV) Hits New 12-Month Low at $17.14

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $17.14 and last traded at $17.20, with a volume of 136197 shares. The stock had previously closed at $17.42.

Analyst Ratings Changes

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

DoubleVerify Price Performance

The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 2.40 and a beta of 0.92. The firm has a fifty day simple moving average of $19.31 and a two-hundred day simple moving average of $23.38.

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

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $20.16, for a total transaction of $35,562.24. Following the completion of the transaction, the chief financial officer now owns 77,314 shares in the company, valued at approximately $1,558,650.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 5,292 shares of company stock worth $104,835 over the last three months. Company insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

A number of hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in DoubleVerify during the 1st quarter worth approximately $28,000. RiverPark Advisors LLC acquired a new stake in shares of DoubleVerify during the 1st quarter worth about $54,000. CWM LLC lifted its position in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after buying an additional 1,900 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after buying an additional 587 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after acquiring an additional 1,742 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.