DoubleVerify Holdings, Inc. (NYSE:DV) Insider Sells $27,765.00 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.85, for a total transaction of $27,765.00. Following the sale, the insider now directly owns 139,802 shares of the company’s stock, valued at approximately $4,312,891.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Julie Eddleman also recently made the following trade(s):

• On Tuesday, April 2nd, Julie Eddleman sold 900 shares of DoubleVerify stock. The stock was sold at an average price of $33.05, for a total transaction of $29,745.00.
• On Tuesday, March 5th, Julie Eddleman sold 900 shares of DoubleVerify stock. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00.

DoubleVerify Stock Up 0.4 %

Shares of DV stock traded up $0.11 on Thursday, reaching $30.14. The stock had a trading volume of 1,353,336 shares, compared to its average volume of 1,815,758. The firm’s 50-day moving average is $35.29 and its two-hundred day moving average is $34.10. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 73.51, a P/E/G 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.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial lowered their price target on shares of DoubleVerify from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 29th. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price target (down previously from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Wells Fargo & Company lowered their price target on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Barclays lowered their price target on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Finally, KeyCorp raised their price target on shares of DoubleVerify from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, February 26th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently modified their holdings of the company. Shaker Investments LLC OH raised its holdings in shares of DoubleVerify by 0.4% in the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock valued at $2,793,000 after purchasing an additional 280 shares during the period. Assetmark Inc. raised its holdings in DoubleVerify by 15.1% in the 3rd quarter. Assetmark Inc. now owns 3,279 shares of the company’s stock valued at $92,000 after acquiring an additional 430 shares during the period. Huntington National Bank raised its holdings in DoubleVerify by 41.6% in the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock valued at $42,000 after acquiring an additional 439 shares during the period. MetLife Investment Management LLC raised its holdings in DoubleVerify by 13.0% in the 4th quarter. MetLife Investment Management LLC now owns 4,052 shares of the company’s stock valued at $89,000 after acquiring an additional 467 shares during the period. Finally, American International Group Inc. raised its holdings in DoubleVerify by 5.8% in the 4th quarter. American International Group Inc. now owns 8,871 shares of the company’s stock valued at $326,000 after acquiring an additional 483 shares during the period. 97.29% of the stock is owned by institutional investors.

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.