Insider Selling: DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $163,311.12 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $30.86, for a total value of $163,311.12. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares in the company, valued at approximately $2,253,705.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

DoubleVerify Trading Up 0.3 %

Shares of NYSE DV opened at $30.23 on Friday. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 73.73, a PEG ratio of 3.22 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $43.00. The stock has a 50-day moving average price of $33.69 and a two-hundred day moving average price of $34.20.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The business had revenue of $172.23 million during the quarter, compared to analysts’ expectations of $171.85 million. On average, sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DV. Guinness Atkinson Asset Management Inc acquired a new position in DoubleVerify in the 3rd quarter worth about $34,000. Signaturefd LLC grew its holdings in shares of DoubleVerify by 84.7% during the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares during the last quarter. Huntington National Bank increased its stake in shares of DoubleVerify by 41.6% in the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock valued at $42,000 after buying an additional 439 shares during the period. GAMMA Investing LLC bought a new position in DoubleVerify in the 4th quarter valued at approximately $42,000. Finally, Quadrant Capital Group LLC boosted its position in DoubleVerify by 65.3% during the 4th 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. 97.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America lowered their price objective on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Royal Bank of Canada lifted their price objective on shares of DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. decreased their target price on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Barclays dropped their price target on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Finally, JMP Securities reduced their price target on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

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.