DoubleVerify Holdings, Inc. (NYSE:DV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.13.

Several equities research analysts have issued reports on DV shares. Truist Financial raised their target price on DoubleVerify from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Stephens restated an “overweight” rating and set a $47.00 target price on shares of DoubleVerify in a research note on Tuesday, August 1st. JMP Securities dropped their target price on shares of DoubleVerify from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 1st. Piper Sandler boosted their price target on shares of DoubleVerify from $36.00 to $45.00 in a research report on Friday, July 14th. Finally, Wells Fargo & Company started coverage on DoubleVerify in a report on Tuesday, June 27th. They issued an “overweight” rating and a $44.00 price objective for the company.

DoubleVerify Price Performance

Shares of NYSE DV opened at $28.60 on Thursday. DoubleVerify has a 1 year low of $20.38 and a 1 year high of $42.51. The company has a market cap of $4.79 billion, a P/E ratio of 95.33 and a beta of 0.94. The firm has a 50-day simple moving average of $35.65 and a two-hundred day simple moving average of $32.64.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. DoubleVerify had a return on equity of 6.01% and a net margin of 10.64%. The business had revenue of $133.74 million during the quarter, compared to analysts’ expectations of $133.39 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities research analysts expect that DoubleVerify will post 0.36 EPS for the current year.

Insider Buying and Selling

In other DoubleVerify news, insider Julie Eddleman sold 750 shares of DoubleVerify stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $37.99, for a total value of $28,492.50. Following the sale, the insider now directly owns 130,871 shares in the company, valued at approximately $4,971,789.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Julie Eddleman sold 750 shares of DoubleVerify stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $37.99, for a total transaction of $28,492.50. Following the completion of the sale, the insider now directly owns 130,871 shares of the company’s stock, valued at approximately $4,971,789.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Laura Desmond sold 11,002 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $40.32, for a total transaction of $443,600.64. Following the sale, the director now owns 179,071 shares in the company, valued at approximately $7,220,142.72. The disclosure for this sale can be found here. Insiders sold a total of 25,227,115 shares of company stock worth $820,718,538 over the last three months. 3.27% of the stock is currently owned by company insiders.

Institutional Trading of DoubleVerify

Several institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of DoubleVerify during the 2nd quarter valued at $26,000. Assetmark Inc. boosted its holdings in DoubleVerify by 102.7% in the 4th quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $28,000 after buying an additional 645 shares during the period. Pacer Advisors Inc. bought a new position in DoubleVerify in the 2nd quarter worth approximately $40,000. Huntington National Bank boosted its holdings in DoubleVerify by 241.7% in the 2nd quarter. Huntington National Bank now owns 1,056 shares of the company’s stock worth $41,000 after buying an additional 747 shares during the period. Finally, Castleview Partners LLC purchased a new position in DoubleVerify during the 2nd quarter valued at about $42,000. Institutional investors own 97.29% of the company’s stock.

About DoubleVerify

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and analytics in the United States and internationally. The company provides solutions to advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.