DoubleVerify Holdings, Inc. (NYSE:DV) COO Matthew F. Mclaughlin Sells 35,000 Shares of Stock

DoubleVerify Holdings, Inc. (NYSE:DV) COO Matthew F. Mclaughlin sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $27.98, for a total value of $979,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

DV stock opened at $25.77 on Friday. The stock’s 50 day simple moving average is $31.60 and its 200 day simple moving average is $34.26. DoubleVerify Holdings, Inc. has a 12-month low of $25.29 and a 12-month high of $48.42.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, November 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). DoubleVerify had a net margin of 2.99% and a return on equity of 4.20%. The business had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $81.77 million. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.19 EPS for the current year.

DV has been the topic of a number of research analyst reports. Truist raised shares of DoubleVerify from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday, November 22nd. Cannonball Research began coverage on shares of DoubleVerify in a research note on Monday, November 22nd. They issued a “buy” rating and a $42.00 price target for the company. Barclays cut their price objective on DoubleVerify from $37.00 to $31.00 in a research report on Wednesday. Zacks Investment Research upgraded DoubleVerify from a “sell” rating to a “hold” rating in a research note on Wednesday, January 5th. Finally, Truist Securities raised DoubleVerify from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Monday, November 22nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $39.83.

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in DoubleVerify during the third quarter valued at approximately $1,366,000. Bamco Inc. NY purchased a new stake in DoubleVerify during the 2nd quarter valued at $37,212,000. Rhumbline Advisers bought a new position in shares of DoubleVerify during the 2nd quarter valued at $529,000. HBK Investments L P purchased a new position in shares of DoubleVerify in the 2nd quarter worth $4,234,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of DoubleVerify in the second quarter worth $4,155,000. Hedge funds and other institutional investors own 81.20% of the company’s stock.

About DoubleVerify

DoubleVerify Holdings, Inc offers a software platform for digital media measurement, data, and analytics. The company offers DV Authentic Ad, a metric of digital media quality that evaluates the existence of fraud, brand safety, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance.

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