Insider Selling: DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $172,148.76 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $32.53, for a total value of $172,148.76. Following the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,375,665.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

DoubleVerify Stock Performance

DV stock opened at $30.04 on Thursday. The company has a market capitalization of $5.16 billion, a PE ratio of 73.27, a price-to-earnings-growth ratio of 3.24 and a beta of 1.04. The company’s fifty day moving average price is $35.29 and its 200-day moving average price is $34.10. DoubleVerify Holdings, Inc. has a one year low of $26.23 and a one year high of $43.00.

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

Hedge Funds Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Dallas Securities Inc. purchased a new stake in shares of DoubleVerify during the 1st quarter worth approximately $620,000. Hodges Capital Management Inc. bought a new stake in DoubleVerify in the first quarter worth $16,625,000. Richelieu Gestion SA purchased a new stake in DoubleVerify during the first quarter valued at $154,000. Washington Capital Management Inc. bought a new position in DoubleVerify during the first quarter valued at $380,000. Finally, Congress Asset Management Co. MA grew its stake in shares of DoubleVerify by 813.2% in the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after buying an additional 3,577,575 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TheStreet upgraded shares of DoubleVerify from a “d+” rating to a “c-” rating in a research report on Thursday, February 29th. KeyCorp upped their price objective on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Wells Fargo & Company decreased their target price on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of DoubleVerify in a report on Thursday, March 28th. Finally, Truist Financial decreased their price objective on DoubleVerify from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and an average price target of $42.50.

DoubleVerify Company Profile

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.