DoubleVerify Holdings, Inc. (NYSE:DV) to Post Q2 2024 Earnings of $0.05 Per Share, KeyCorp Forecasts

DoubleVerify Holdings, Inc. (NYSE:DV) – Stock analysts at KeyCorp issued their Q2 2024 earnings per share (EPS) estimates for shares of DoubleVerify in a research note issued on Tuesday, May 7th. KeyCorp analyst J. Patterson anticipates that the company will post earnings per share of $0.05 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for DoubleVerify’s current full-year earnings is $0.36 per share. KeyCorp also issued estimates for DoubleVerify’s Q3 2024 earnings at $0.07 EPS and Q4 2024 earnings at $0.17 EPS.

A number of other equities analysts also recently issued reports on the company. Barclays decreased their price objective on DoubleVerify from $40.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank of Canada decreased their target price on shares of DoubleVerify from $49.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday. JMP Securities cut their price target on DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Wells Fargo & Company lowered their price objective on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Finally, Macquarie raised DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and a consensus price target of $35.05.

DoubleVerify Trading Up 0.3 %

Shares of DoubleVerify stock opened at $18.84 on Thursday. The business’s 50-day moving average price is $31.41 and its 200-day moving average price is $34.14. The firm has a market capitalization of $3.24 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11. DoubleVerify has a 12 month low of $17.74 and a 12 month high of $43.00.

DoubleVerify (NYSE:DV) last posted its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share.

Hedge Funds Weigh In On DoubleVerify

A number of large investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. MA increased its holdings in shares of DoubleVerify by 813.2% in the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after purchasing an additional 3,577,575 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of DoubleVerify by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after acquiring an additional 2,017,687 shares during the period. Norges Bank acquired a new position in shares of DoubleVerify during the 4th quarter valued at about $58,477,000. Brown Capital Management LLC grew its holdings in shares of DoubleVerify by 128.1% in the fourth quarter. Brown Capital Management LLC now owns 2,236,450 shares of the company’s stock valued at $82,257,000 after purchasing an additional 1,256,195 shares during the period. Finally, Bank of New York Mellon Corp increased its position in DoubleVerify by 39.4% during the third quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock worth $107,076,000 after purchasing an additional 1,082,615 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $33.51, for a total value of $1,706,463.24. Following the completion of the sale, the insider now owns 39,468 shares of the company’s stock, valued at $1,322,572.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other DoubleVerify news, CFO Nicola T. Allais sold 5,364 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $32.80, for a total value of $175,939.20. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now directly owns 39,468 shares in the company, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,431 shares of company stock worth $3,070,904. Corporate insiders own 3.00% of the company’s stock.

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.