Insider Selling: DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells 5,292 Shares of Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 5,292 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $32.53, for a total value of $172,148.76. Following the completion of the sale, the chief financial officer now owns 73,030 shares in the company, valued at $2,375,665.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

DoubleVerify Price Performance

DoubleVerify stock opened at $30.16 on Wednesday. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 73.56, a PEG ratio of 3.41 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $43.00. The business has a fifty day moving average price of $35.52 and a 200-day moving average price of $34.12.

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

Institutional Trading of DoubleVerify

A number of institutional investors have recently made changes to their positions in DV. BlackRock Inc. boosted its position in shares of DoubleVerify by 53.9% in the 1st quarter. BlackRock Inc. now owns 16,536,887 shares of the company’s stock worth $498,587,000 after purchasing an additional 5,794,567 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of DoubleVerify by 813.2% in the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after purchasing an additional 3,577,575 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of DoubleVerify by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after purchasing an additional 2,017,687 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of DoubleVerify by 95.0% in the 1st quarter. 1832 Asset Management L.P. now owns 3,524,100 shares of the company’s stock worth $106,252,000 after purchasing an additional 1,717,000 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in DoubleVerify by 116.8% during the 1st quarter. Macquarie Group Ltd. now owns 3,130,950 shares of the company’s stock worth $94,398,000 after acquiring an additional 1,686,718 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

DV has been the topic of several research reports. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Monday, March 11th. KeyCorp raised their price objective on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. JPMorgan Chase & Co. reduced their price objective on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Bank of America reduced their price objective on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, Royal Bank of Canada raised their price objective on DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus 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.