Insider Selling: DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells 1,764 Shares of Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $16.92, for a total value of $29,846.88. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

DoubleVerify Price Performance

NYSE DV traded up $0.02 during trading on Tuesday, reaching $16.84. 1,610,252 shares of the company’s stock were exchanged, compared to its average volume of 2,378,748. The business has a 50 day moving average price of $18.47 and a 200-day moving average price of $21.88. The stock has a market capitalization of $2.89 billion, a P/E ratio of 44.30, a PEG ratio of 2.32 and a beta of 0.90. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $43.00.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $155.89 million for the quarter, compared to the consensus estimate of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $28.00 price objective on shares of DoubleVerify in a research report on Friday, September 13th. Macquarie reiterated an “outperform” rating and set a $25.00 target price on shares of DoubleVerify in a report on Wednesday, July 31st. Morgan Stanley increased their target price on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Truist Financial lowered their target price on DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Barclays lowered their target price on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.18.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in shares of DoubleVerify during the second quarter worth approximately $155,000. Cim LLC boosted its stake in shares of DoubleVerify by 74.8% in the second quarter. Cim LLC now owns 48,533 shares of the company’s stock valued at $926,000 after buying an additional 20,770 shares during the period. Cetera Investment Advisers boosted its stake in shares of DoubleVerify by 17.6% in the second quarter. Cetera Investment Advisers now owns 148,396 shares of the company’s stock valued at $2,889,000 after buying an additional 22,244 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of DoubleVerify in the second quarter valued at approximately $230,000. Finally, Silver Lake Advisory LLC bought a new stake in shares of DoubleVerify in the second quarter valued at approximately $202,000. Institutional investors own 97.29% of the company’s stock.

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.