Equities Analysts Set Expectations for DoubleVerify Holdings, Inc.’s Q2 2024 Earnings (NYSE:DV)

DoubleVerify Holdings, Inc. (NYSE:DV) – Analysts at KeyCorp issued their Q2 2024 earnings estimates for shares of DoubleVerify in a report issued on Tuesday, May 7th. KeyCorp analyst J. Patterson expects that the company will post earnings per share of $0.05 for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for DoubleVerify’s current full-year earnings is $0.36 per share. KeyCorp also issued estimates for DoubleVerify’s Q3 2024 earnings at $0.07 EPS and Q4 2024 earnings at $0.17 EPS.

A number of other research firms have also commented on DV. JPMorgan Chase & Co. decreased their price target on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Royal Bank of Canada lowered their price objective on shares of DoubleVerify from $49.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler dropped their price objective on shares of DoubleVerify from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday. Truist Financial decreased their price objective on DoubleVerify from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, TheStreet upgraded DoubleVerify from a “d+” rating to a “c-” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.47.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $18.77 on Thursday. The stock has a market cap of $3.22 billion, a PE ratio of 45.78, a PEG ratio of 3.24 and a beta of 1.11. The business has a fifty day moving average of $31.65 and a two-hundred day moving average of $34.25. DoubleVerify has a 52-week low of $17.74 and a 52-week high of $43.00.

DoubleVerify (NYSE:DV) last posted its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share.

Institutional Trading of DoubleVerify

A number of large investors have recently added to or reduced their stakes in DV. Whittier Trust Co. bought a new stake in shares of DoubleVerify during the 1st quarter valued at $28,000. GAMMA Investing LLC bought a new stake in shares of DoubleVerify during the 4th quarter worth $42,000. Signaturefd LLC boosted its stake in DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after buying an additional 498 shares in the last quarter. Guinness Atkinson Asset Management Inc bought a new position in DoubleVerify in the third quarter valued at about $34,000. Finally, Quadrant Capital Group LLC raised its stake in DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Andrew E. Grimmig sold 50,924 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $33.51, for a total value of $1,706,463.24. Following the completion of the transaction, the insider now owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Andrew E. Grimmig sold 16,667 shares of DoubleVerify stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $33.80, for a total value of $563,344.60. Following the sale, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the insider now owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. Insiders sold 91,531 shares of company stock worth $3,043,004 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

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.