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

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

DoubleVerify Price Performance

NYSE DV traded up $0.05 during mid-day trading on Wednesday, hitting $9.85. The stock had a trading volume of 3,590,351 shares, compared to its average volume of 2,184,024. The firm’s 50 day moving average is $10.95 and its 200 day moving average is $12.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 0.70 and a beta of 0.98. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $23.11.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on DV shares. Royal Bank Of Canada decreased their target price on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Stifel Nicolaus dropped their target price on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays reaffirmed an “equal weight” rating and issued a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Finally, Canaccord Genuity Group lowered their price target on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.41.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC grew its holdings in shares of DoubleVerify by 210.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after purchasing an additional 1,392 shares during the period. Hantz Financial Services Inc. raised its holdings in DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after buying an additional 2,211 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in DoubleVerify in the second quarter valued at about $42,000. Farther Finance Advisors LLC boosted its stake in 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, Atlantic Union Bankshares Corp acquired a new stake in shares of DoubleVerify during the third quarter valued at about $51,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

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.