DoubleVerify (NYSE:DV) Lowered to “Sector Weight” at KeyCorp

KeyCorp lowered shares of DoubleVerify (NYSE:DV) from an overweight rating to a sector weight rating in a research note released on Wednesday morning, MarketBeat reports. KeyCorp also issued estimates for DoubleVerify’s Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.07 EPS and Q4 2024 earnings at $0.17 EPS.

Several other research firms also recently commented on DV. JMP Securities decreased their price objective on DoubleVerify from $45.00 to $40.00 and set a market outperform rating on the stock in a research note on Thursday, February 29th. TheStreet upgraded shares of DoubleVerify from a d+ rating to a c- rating in a research note on Thursday, February 29th. Wells Fargo & Company dropped their price target on shares of DoubleVerify from $44.00 to $41.00 and set an overweight rating for the company in a research report on Friday, March 1st. JPMorgan Chase & Co. decreased their price objective on shares of DoubleVerify from $32.00 to $30.00 and set a neutral rating on the stock in a research report on Thursday, February 29th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $45.00 target price on shares of DoubleVerify in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $36.05.

DoubleVerify Trading Down 38.6 %

DV opened at $18.77 on Wednesday. DoubleVerify has a 12-month low of $17.74 and a 12-month high of $43.00. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 3.24 and a beta of 1.11. The company’s 50 day moving average is $31.65 and its 200 day moving average is $34.25.

DoubleVerify (NYSE:DV) last issued its quarterly 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 business had revenue of $140.70 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. As a group, analysts predict that DoubleVerify will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the business’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 of the company’s stock, valued at $1,322,572.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the transaction, the insider now directly owns 39,468 shares of the company’s stock, valued at $1,322,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Eddleman sold 900 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now directly owns 137,668 shares in the company, valued at approximately $4,171,340.40. The disclosure for this sale can be found here. Insiders sold 91,531 shares of company stock worth $3,043,004 over the last 90 days. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Shaker Investments LLC OH increased its stake in DoubleVerify by 0.4% in the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock worth $2,793,000 after buying an additional 280 shares during the period. Assetmark Inc. grew its stake in DoubleVerify by 15.1% in the third quarter. Assetmark Inc. now owns 3,279 shares of the company’s stock worth $92,000 after purchasing an additional 430 shares in the last quarter. Huntington National Bank increased its holdings in DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares during the period. Signaturefd LLC raised its position in DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after purchasing an additional 498 shares in the last quarter. Finally, 1492 Capital Management LLC lifted its holdings in shares of DoubleVerify by 1.0% in the 4th quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 97.29% 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.