DoubleVerify (NYSE:DV) Sees Large Volume Increase

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) saw strong trading volume on Tuesday . 2,585,990 shares were traded during trading, an increase of 64% from the previous session’s volume of 1,575,881 shares.The stock last traded at $31.39 and had previously closed at $30.95.

Analyst Ratings Changes

DV has been the topic of a number of recent research reports. Robert W. Baird began coverage on shares of DoubleVerify in a research report on Friday, August 18th. They set an “outperform” rating and a $38.00 price target on the stock. Barclays decreased their target price on shares of DoubleVerify from $45.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. Raymond James assumed coverage on shares of DoubleVerify in a report on Friday, October 13th. They issued an “outperform” rating on the stock. Stifel Nicolaus boosted their price target on DoubleVerify from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, Piper Sandler dropped their price objective on DoubleVerify from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, September 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.88.

DoubleVerify Stock Up 0.3 %

The firm has a market cap of $5.35 billion, a P/E ratio of 98.41 and a beta of 1.03. The stock’s 50-day simple moving average is $28.56 and its 200 day simple moving average is $32.58.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $144.00 million for the quarter, compared to the consensus estimate of $139.05 million. DoubleVerify had a return on equity of 6.06% and a net margin of 10.57%. DoubleVerify’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Activity at DoubleVerify

In other DoubleVerify news, Director Laura Desmond sold 11,002 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total transaction of $363,616.10. Following the transaction, the director now directly owns 179,071 shares in the company, valued at approximately $5,918,296.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Mark Zagorski bought 1,765 shares of DoubleVerify stock in a transaction dated Tuesday, September 19th. The stock was purchased at an average cost of $28.36 per share, with a total value of $50,055.40. Following the transaction, the chief executive officer now directly owns 357,112 shares of the company’s stock, valued at $10,127,696.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Laura Desmond sold 11,002 shares of DoubleVerify stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total transaction of $363,616.10. Following the completion of the sale, the director now directly owns 179,071 shares in the company, valued at approximately $5,918,296.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,013 shares of company stock valued at $2,883,264. 3.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DV. Bessemer Group Inc. purchased a new position in shares of DoubleVerify during the 2nd quarter valued at $26,000. Guinness Atkinson Asset Management Inc purchased a new stake in shares of DoubleVerify during the 3rd quarter valued at approximately $34,000. Pacer Advisors Inc. purchased a new stake in shares of DoubleVerify during the 2nd quarter valued at approximately $40,000. Huntington National Bank lifted its holdings in DoubleVerify by 241.7% during the 2nd quarter. Huntington National Bank now owns 1,056 shares of the company’s stock worth $41,000 after purchasing an additional 747 shares in the last quarter. Finally, Castleview Partners LLC purchased a new stake in DoubleVerify in the 2nd quarter worth approximately $42,000. Hedge funds and other 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 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.