DoubleVerify Holdings, Inc. (NYSE:DV) Receives Consensus Rating of “Moderate Buy” from Brokerages

DoubleVerify Holdings, Inc. (NYSE:DVGet Rating) has been assigned an average rating of “Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $32.27.

A number of analysts have recently issued reports on DV shares. Royal Bank of Canada increased their price target on shares of DoubleVerify from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. TheStreet lowered shares of DoubleVerify from a “c-” rating to a “d+” rating in a research report on Friday, October 21st. Barclays cut their price objective on shares of DoubleVerify to $25.00 in a research report on Tuesday, November 15th. Finally, Capital One Financial began coverage on shares of DoubleVerify in a research report on Wednesday, August 3rd. They set an “overweight” rating and a $30.00 price objective on the stock.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, insider Andrew E. Grimmig sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $29.01, for a total transaction of $43,515.00. Following the transaction, the insider now owns 58,412 shares in the company, valued at $1,694,532.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Laura Desmond sold 9,503 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $26.33, for a total value of $250,213.99. Following the sale, the director now owns 179,071 shares in the company, valued at $4,714,939.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Andrew E. Grimmig sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $29.01, for a total transaction of $43,515.00. Following the completion of the sale, the insider now owns 58,412 shares in the company, valued at approximately $1,694,532.12. The disclosure for this sale can be found here. Insiders have sold a total of 51,892 shares of company stock worth $1,467,101 over the last 90 days. Insiders own 3.22% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently modified their holdings of DV. IFP Advisors Inc acquired a new stake in shares of DoubleVerify in the third quarter worth $34,000. Lazard Asset Management LLC acquired a new stake in DoubleVerify during the third quarter worth $56,000. UBS Group AG acquired a new stake in DoubleVerify during the first quarter worth $72,000. MetLife Investment Management LLC acquired a new stake in DoubleVerify during the first quarter worth $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in DoubleVerify during the second quarter worth $108,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

DoubleVerify Trading Up 1.4 %

DV stock opened at $25.87 on Friday. DoubleVerify has a one year low of $17.22 and a one year high of $33.90. The firm has a market capitalization of $4.27 billion, a PE ratio of 80.85 and a beta of 0.56. The firm has a 50-day moving average of $27.21 and a two-hundred day moving average of $25.13.

DoubleVerify (NYSE:DVGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $112.25 million during the quarter, compared to analyst estimates of $109.27 million. DoubleVerify had a net margin of 12.61% and a return on equity of 6.54%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, equities research analysts anticipate that DoubleVerify will post 0.29 earnings per share for the current year.

About DoubleVerify

(Get Rating)

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.

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Analyst Recommendations for DoubleVerify (NYSE:DV)

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