Julie Eddleman Sells 900 Shares of DoubleVerify Holdings, Inc. (NYSE:DV) Stock

DoubleVerify Holdings, Inc. (NYSE:DV) insider Julie Eddleman sold 900 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $30.85, for a total value of $27,765.00. Following the transaction, the insider now owns 139,802 shares of the company’s stock, valued at approximately $4,312,891.70. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, April 2nd, Julie Eddleman sold 900 shares of DoubleVerify stock. The stock was sold at an average price of $33.05, for a total value of $29,745.00.
• On Tuesday, March 5th, Julie Eddleman sold 900 shares of DoubleVerify stock. The stock was sold at an average price of $30.30, for a total value of $27,270.00.

DoubleVerify Stock Performance

DoubleVerify stock opened at $29.43 on Friday. The stock has a 50-day simple moving average of $34.80 and a 200 day simple moving average of $34.08. The stock has a market capitalization of $5.05 billion, a P/E ratio of 71.78, a PEG ratio of 3.21 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 52 week low of $26.23 and a 52 week high of $43.00.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $172.23 million during the quarter, compared to the consensus estimate of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. Research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On DoubleVerify

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in DoubleVerify by 40.2% during the third quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company’s stock worth $5,388,000 after acquiring an additional 55,322 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of DoubleVerify by 135.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,160 shares of the company’s stock valued at $1,625,000 after buying an additional 33,499 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of DoubleVerify in the fourth quarter valued at approximately $1,590,000. Vanguard Group Inc. raised its position in shares of DoubleVerify by 15.1% in the third quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock valued at $377,138,000 after buying an additional 1,768,064 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of DoubleVerify by 110.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,100,529 shares of the company’s stock valued at $30,760,000 after buying an additional 577,018 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DV has been the subject of a number of research reports. Bank of America lowered their target price on DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company 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 for the company in a report on Friday, March 1st. JPMorgan Chase & Co. decreased their price objective on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Barclays decreased their price objective on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Finally, TheStreet upgraded DoubleVerify from a “d+” rating to a “c-” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

DoubleVerify Company Profile

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.