DoubleVerify Holdings, Inc. (NYSE:DV) Receives $31.53 Average PT from Analysts

DoubleVerify Holdings, Inc. (NYSE:DV) has been given an average rating of “Moderate Buy” by the twenty analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $31.53.

A number of research firms have issued reports on DV. Macquarie reiterated an “outperform” rating and issued a $25.00 price objective on shares of DoubleVerify in a report on Wednesday, July 31st. Morgan Stanley increased their price objective on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Truist Financial decreased their price objective on DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Barclays cut their target price on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, Bank of America cut DoubleVerify from a “buy” rating to an “underperform” rating and cut their target price for the stock from $45.00 to $18.00 in a research note on Thursday, May 9th.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $20.16, for a total transaction of $35,562.24. Following the sale, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at $1,558,650.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 5,292 shares of company stock valued at $104,835 over the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Shaker Investments LLC OH raised its stake in shares of DoubleVerify by 0.4% in the fourth quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock worth $2,793,000 after buying an additional 280 shares during the period. Signaturefd LLC raised its stake in shares of DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after buying an additional 498 shares during the period. 1492 Capital Management LLC raised its stake in shares of DoubleVerify by 1.0% in the fourth quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after buying an additional 553 shares during the period. Quadrant Capital Group LLC raised its stake in shares of DoubleVerify by 65.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after buying an additional 587 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of DoubleVerify by 42.0% in the fourth quarter. First Horizon Advisors Inc. now owns 2,382 shares of the company’s stock worth $88,000 after buying an additional 704 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Stock Down 0.1 %

Shares of DoubleVerify stock opened at $18.79 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 49.45, a P/E/G ratio of 2.75 and a beta of 0.93. The business has a 50 day moving average of $19.46 and a 200 day moving average of $27.63. DoubleVerify has a 52 week low of $17.50 and a 52 week high of $43.00.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, research analysts anticipate that DoubleVerify will post 0.3 earnings per share for the current year.

DoubleVerify announced that its board has approved a stock repurchase plan on Thursday, May 16th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.