DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais Sells 5,292 Shares

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 5,292 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.45, for a total transaction of $177,017.40. Following the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,442,853.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

DoubleVerify Stock Down 0.7 %

Shares of DoubleVerify stock opened at $32.91 on Thursday. The firm’s 50 day moving average price is $37.65 and its 200-day moving average price is $33.63. DoubleVerify Holdings, Inc. has a 52-week low of $26.23 and a 52-week high of $43.00. The company has a market cap of $5.64 billion, a P/E ratio of 80.27, a PEG ratio of 3.49 and a beta of 1.01.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The business had revenue of $172.23 million for the quarter, compared to the consensus estimate of $171.85 million. As a group, equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in shares of DoubleVerify by 15.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,019 shares of the company’s stock worth $589,000 after buying an additional 2,120 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of DoubleVerify by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after buying an additional 2,017,687 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of DoubleVerify by 47.9% during the fourth quarter. Congress Asset Management Co. MA now owns 439,924 shares of the company’s stock worth $16,180,000 after buying an additional 142,566 shares in the last quarter. American International Group Inc. grew its holdings in shares of DoubleVerify by 5.8% during the fourth quarter. American International Group Inc. now owns 8,871 shares of the company’s stock worth $326,000 after buying an additional 483 shares in the last quarter. Finally, Cim LLC purchased a new stake in shares of DoubleVerify during the fourth quarter worth $1,027,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DV. Macquarie raised shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Monday, March 11th. KeyCorp lifted their price objective on shares of DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. TheStreet raised shares of DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th. JMP Securities dropped their price objective on shares of DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating for the company in a research note on Thursday, February 29th. Finally, Robert W. Baird raised their target price on shares of DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.