Insider Selling: DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells 5,292 Shares of Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 5,292 shares of DoubleVerify stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $32.53, for a total value of $172,148.76. Following the sale, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at approximately $2,375,665.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DoubleVerify Stock Performance

DoubleVerify stock opened at $30.79 on Tuesday. The stock’s 50 day simple moving average is $35.75 and its two-hundred day simple moving average is $34.11. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 75.10, a PEG ratio of 3.41 and a beta of 1.04. DoubleVerify Holdings, Inc. has a fifty-two week low of $26.23 and a fifty-two week high of $43.00.

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

Institutional Trading of DoubleVerify

Large investors have recently bought and sold shares of the company. Guinness Atkinson Asset Management Inc bought a new stake in DoubleVerify during the 3rd quarter valued at approximately $34,000. Signaturefd LLC boosted its position in shares of DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares in the last quarter. Huntington National Bank boosted its position in shares of DoubleVerify by 41.6% in the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of DoubleVerify in the 4th quarter worth approximately $42,000. Finally, Castleview Partners LLC bought a new stake in shares of DoubleVerify in the 2nd quarter worth approximately $42,000. 97.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on DV shares. Robert W. Baird lifted their price target on DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Barclays decreased their price objective on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Wells Fargo & Company decreased their price objective on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of DoubleVerify in a report on Thursday, March 28th. Finally, Truist Financial decreased their price objective on DoubleVerify from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

About DoubleVerify

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.