DoubleVerify Holdings, Inc. (NYSE:DV) Insider Sells $296,512.00 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV – Get Rating) insider Julie Eddleman sold 11,300 shares of DoubleVerify stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $26.24, for a total transaction of $296,512.00. Following the completion of the sale, the insider now owns 116,015 shares of the company’s stock, valued at approximately $3,044,233.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 21st, Julie Eddleman sold 300 shares of DoubleVerify stock. The shares were sold at an average price of $26.93, for a total value of $8,079.00.
• On Tuesday, February 7th, Julie Eddleman sold 300 shares of DoubleVerify stock. The shares were sold at an average price of $27.73, for a total value of $8,319.00.
• On Tuesday, January 24th, Julie Eddleman sold 300 shares of DoubleVerify stock. The stock was sold at an average price of $25.00, for a total value of $7,500.00.
• On Wednesday, January 11th, Julie Eddleman sold 600 shares of DoubleVerify stock. The stock was sold at an average price of $25.00, for a total value of $15,000.00.
• On Tuesday, December 13th, Julie Eddleman sold 300 shares of DoubleVerify stock. The shares were sold at an average price of $26.00, for a total value of $7,800.00.

DoubleVerify Price Performance

Shares of DV opened at $24.66 on Friday. The company has a market capitalization of $4.08 billion, a PE ratio of 98.64 and a beta of 0.76. DoubleVerify Holdings, Inc. has a one year low of $17.22 and a one year high of $32.43. The company’s fifty day moving average price is $25.75 and its 200 day moving average price is $26.12.

DoubleVerify (NYSE:DV – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). DoubleVerify had a return on equity of 5.16% and a net margin of 9.56%. The business had revenue of $133.64 million during the quarter, compared to the consensus estimate of $133.20 million. Analysts anticipate that DoubleVerify Holdings, Inc. will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in DoubleVerify during the 3rd quarter valued at $7,049,000. Congress Wealth Management LLC DE bought a new stake in shares of DoubleVerify in the 3rd quarter worth approximately $325,000. Massachusetts Financial Services Co. MA grew its holdings in shares of DoubleVerify by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,860 shares of the company’s stock worth $40,611,000 after purchasing an additional 101,906 shares in the last quarter. Russell Investments Group Ltd. increased 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 valued at $6,948,000 after purchasing an additional 144,334 shares during the period. Finally, Bayesian Capital Management LP bought a new position in DoubleVerify in the third quarter worth $557,000. 90.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DV. Canaccord Genuity Group boosted their target price on DoubleVerify from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. JPMorgan Chase & Co. boosted their target price on DoubleVerify from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, March 2nd. Barclays raised their price target on DoubleVerify from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, March 2nd. Loop Capital lifted their target price on shares of DoubleVerify from $32.00 to $35.00 in a research note on Thursday, March 2nd. Finally, TheStreet raised shares of DoubleVerify from a “d” rating to a “c-” rating in a research report on Wednesday, March 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.10.

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.