DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $28,947.24 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $16.41, for a total transaction of $28,947.24. Following the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,339,023.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

DoubleVerify Stock Performance

DoubleVerify stock opened at $16.81 on Friday. The stock has a market cap of $2.89 billion, a P/E ratio of 44.24, a PEG ratio of 2.21 and a beta of 0.90. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00. The firm’s fifty day moving average price is $17.84 and its 200-day moving average price is $20.54.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DV. Whittier Trust Co. bought a new position in DoubleVerify in the first quarter valued at $28,000. RiverPark Advisors LLC bought a new position in DoubleVerify in the first quarter valued at $54,000. CWM LLC increased its stake 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 acquiring an additional 1,900 shares during the last quarter. Fifth Third Bancorp increased its stake in DoubleVerify by 72.3% in 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. Finally, Parkside Financial Bank & Trust increased its stake in DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock valued at $129,000 after acquiring an additional 1,806 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DV shares. The Goldman Sachs Group lowered their price target on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Macquarie lowered their price target on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Piper Sandler lowered their price target on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday. Truist Financial lowered their price target on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.65.

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.