DoubleVerify Holdings, Inc. (NYSE:DV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV – Get Rating) have received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.45.

DV has been the subject of a number of recent research reports. TheStreet cut shares of DoubleVerify from a “c-” rating to a “d” rating in a research note on Wednesday. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of DoubleVerify in a research note on Thursday, March 16th. Piper Sandler initiated coverage on shares of DoubleVerify in a research note on Wednesday, April 12th. They issued an “overweight” rating and a $35.00 price objective for the company. Barclays increased their price objective on shares of DoubleVerify from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $35.00 target price on shares of DoubleVerify in a research report on Tuesday, April 4th.

Insider Buying and Selling at DoubleVerify

In other news, Director Robert Davis Noell sold 14,375,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $26.50, for a total value of $380,937,500.00. Following the transaction, the director now owns 340,464 shares of the company’s stock, valued at approximately $9,022,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert Davis Noell sold 14,375,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $26.50, for a total value of $380,937,500.00. Following the transaction, the director now owns 340,464 shares of the company’s stock, valued at approximately $9,022,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicola T. Allais sold 5,907 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $27.81, for a total transaction of $164,273.67. Following the completion of the transaction, the chief financial officer now directly owns 54,092 shares in the company, valued at approximately $1,504,298.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,761,368 shares of company stock worth $762,405,606. 3.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its stake in DoubleVerify by 54.0% in the first quarter. Advisor Group Holdings Inc. now owns 5,242 shares of the company’s stock valued at $131,000 after buying an additional 1,838 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in DoubleVerify by 62.2% in the first quarter. JPMorgan Chase & Co. now owns 16,636 shares of the company’s stock valued at $419,000 after buying an additional 6,381 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in DoubleVerify by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 131,348 shares of the company’s stock valued at $3,308,000 after buying an additional 2,682 shares in the last quarter. US Bancorp DE lifted its stake in DoubleVerify by 210.8% in the first quarter. US Bancorp DE now owns 12,064 shares of the company’s stock valued at $303,000 after buying an additional 8,182 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in DoubleVerify by 130.3% in the first quarter. Citigroup Inc. now owns 6,012 shares of the company’s stock valued at $151,000 after buying an additional 3,401 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $29.73 on Friday. DoubleVerify has a fifty-two week low of $18.19 and a fifty-two week high of $32.43. The firm has a fifty day moving average price of $28.44 and a two-hundred day moving average price of $26.54. The company has a market cap of $4.94 billion, a PE ratio of 118.92 and a beta of 0.82.

DoubleVerify (NYSE:DV – Get Rating) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. DoubleVerify had a net margin of 9.56% and a return on equity of 5.16%. The company had revenue of $122.59 million during the quarter, compared to analysts’ expectations of $117.93 million. During the same quarter in the prior year, the company posted $0.03 EPS. Analysts expect that DoubleVerify will post 0.38 earnings per share for the current fiscal year.

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.