DoubleVerify Holdings, Inc. (NYSE:DV) Director Laura Desmond Sells 11,003 Shares of Stock

DoubleVerify Holdings, Inc. (NYSE:DV) Director Laura Desmond sold 11,003 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.75, for a total value of $338,342.25. Following the sale, the director now owns 179,071 shares of the company’s stock, valued at $5,506,433.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Laura Desmond also recently made the following trade(s):

• On Tuesday, August 22nd, Laura Desmond sold 11,002 shares of DoubleVerify stock. The stock was sold at an average price of $33.05, for a total transaction of $363,616.10.
• On Monday, August 7th, Laura Desmond sold 125,346 shares of DoubleVerify stock. The shares were sold at an average price of $33.58, for a total transaction of $4,209,118.68.
• On Friday, August 4th, Laura Desmond sold 32,654 shares of DoubleVerify stock. The shares were sold at an average price of $33.95, for a total transaction of $1,108,603.30.
• On Tuesday, July 25th, Laura Desmond sold 11,002 shares of DoubleVerify stock. The shares were sold at an average price of $40.32, for a total transaction of $443,600.64.
• On Tuesday, July 11th, Laura Desmond sold 11,003 shares of DoubleVerify stock. The shares were sold at an average price of $38.65, for a total value of $425,265.95.
• On Tuesday, June 27th, Laura Desmond sold 11,002 shares of DoubleVerify stock. The stock was sold at an average price of $37.79, for a total value of $415,765.58.

DoubleVerify Stock Up 1.2 %

NYSE:DV opened at $28.93 on Friday. The company has a market cap of $4.84 billion, a PE ratio of 96.43 and a beta of 0.94. The business’s 50 day moving average is $35.25 and its two-hundred day moving average is $32.59. DoubleVerify Holdings, Inc. has a 52 week low of $20.38 and a 52 week high of $42.51.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results 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. The business had revenue of $133.74 million for the quarter, compared to analyst estimates of $133.39 million. DoubleVerify had a return on equity of 6.01% and a net margin of 10.64%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. As a group, sell-side analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DV has been the topic of several analyst reports. Barclays raised their target price on DoubleVerify from $34.00 to $47.00 in a report on Wednesday, July 19th. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 target price on shares of DoubleVerify in a research report on Tuesday, August 1st. Piper Sandler lowered their price target on shares of DoubleVerify from $45.00 to $40.00 in a report on Friday. Truist Financial lifted their price target on shares of DoubleVerify from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Finally, KeyCorp lowered their target price on DoubleVerify from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in DoubleVerify by 17.6% in the first quarter. Bank of New York Mellon Corp now owns 2,712,377 shares of the company’s stock worth $81,778,000 after acquiring an additional 405,282 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of DoubleVerify in the 1st quarter worth approximately $543,000. Louisiana State Employees Retirement System acquired a new position in DoubleVerify during the 1st quarter valued at approximately $1,043,000. Checchi Capital Advisers LLC grew its stake in DoubleVerify by 33.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 85,480 shares of the company’s stock worth $2,577,000 after buying an additional 21,328 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new stake in DoubleVerify in the fourth quarter worth $56,000. 97.29% of the stock is owned by institutional investors and hedge funds.

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.