DoubleVerify (NYSE:DV) Insider Sells $10,710.00 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) insider Andrew Grimmig sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $10.71, for a total value of $10,710.00. Following the completion of the sale, the insider owned 100,497 shares of the company’s stock, valued at $1,076,322.87. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DoubleVerify Stock Performance

NYSE DV opened at $9.34 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The stock’s fifty day moving average is $10.89 and its two-hundred day moving average is $12.28. The firm has a market capitalization of $1.50 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 0.62 and a beta of 0.98. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $23.11.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The business had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DV. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $13.50 price objective on shares of DoubleVerify in a research report on Tuesday, October 14th. Scotiabank reiterated an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. Stifel Nicolaus lowered their price target on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Morgan Stanley lifted their price objective on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, DoubleVerify has an average rating of “Hold” and a consensus price target of $16.41.

Institutional Trading of DoubleVerify

Hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. acquired a new position in DoubleVerify during the 1st quarter worth $154,000. Woodline Partners LP boosted its stake in shares of DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after buying an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of DoubleVerify by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after buying an additional 43,343 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of DoubleVerify by 3,035.6% during the second quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after buying an additional 3,066 shares during the period. Finally, Gagnon Advisors LLC raised its holdings in DoubleVerify by 362.1% in the second quarter. Gagnon Advisors LLC now owns 312,885 shares of the company’s stock valued at $4,684,000 after acquiring an additional 245,180 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Company Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.