Q4 2023 EPS Estimates for DoubleVerify Holdings, Inc. (NYSE:DV) Lowered by Analyst

DoubleVerify Holdings, Inc. (NYSE:DV – Get Rating) – Equities research analysts at KeyCorp reduced their Q4 2023 earnings per share estimates for shares of DoubleVerify in a report issued on Thursday, March 2nd. KeyCorp analyst J. Patterson now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.16. The consensus estimate for DoubleVerify’s current full-year earnings is $0.33 per share. KeyCorp also issued estimates for DoubleVerify’s FY2024 earnings at $0.49 EPS.

DV has been the topic of a number of other reports. Barclays raised their price target on shares of DoubleVerify from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC raised their price objective on shares of DoubleVerify from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. Loop Capital boosted their price target on shares of DoubleVerify from $32.00 to $35.00 in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of DoubleVerify from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, JMP Securities reissued a “market perform” rating and set a $35.00 target price on shares of DoubleVerify in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average target price of $34.10.

DoubleVerify Trading Up 1.7 %

NYSE DV opened at $27.71 on Monday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 110.84 and a beta of 0.76. The firm’s fifty day moving average price is $25.33 and its two-hundred day moving average price is $26.14. DoubleVerify has a 1 year low of $17.22 and a 1 year high of $32.43.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,607 shares of DoubleVerify stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $25.72, for a total transaction of $41,332.04. Following the completion of the transaction, the chief financial officer now directly owns 51,335 shares in the company, valued at $1,320,336.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Nicola T. Allais sold 5,907 shares of the stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $27.81, for a total transaction of $164,273.67. Following the transaction, the chief financial officer now directly owns 54,092 shares of the company’s stock, valued at approximately $1,504,298.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nicola T. Allais sold 1,607 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $25.72, for a total transaction of $41,332.04. Following the completion of the transaction, the chief financial officer now directly owns 51,335 shares in the company, valued at approximately $1,320,336.20. The disclosure for this sale can be found here. Insiders sold 23,637 shares of company stock worth $600,644 in the last three months. 3.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DV. Los Angeles Capital Management LLC bought a new stake in shares of DoubleVerify during the 3rd quarter valued at $7,049,000. Congress Wealth Management LLC DE purchased a new position in shares of DoubleVerify in the third quarter valued at about $325,000. Massachusetts Financial Services Co. MA boosted its stake in shares of DoubleVerify by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,860 shares of the company’s stock worth $40,611,000 after acquiring an additional 101,906 shares during the period. Russell Investments Group Ltd. grew its position in shares of DoubleVerify by 131.5% during the third quarter. Russell Investments Group Ltd. now owns 254,108 shares of the company’s stock worth $6,948,000 after purchasing an additional 144,334 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in DoubleVerify during the 3rd quarter valued at approximately $557,000. Institutional investors own 90.21% of the company’s stock.

About DoubleVerify

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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.