DoubleVerify Holdings, Inc. (NYSE:DV) Short Interest Update

DoubleVerify Holdings, Inc. (NYSE:DV) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 7,140,000 shares, an increase of 9.8% from the March 31st total of 6,500,000 shares. Currently, 5.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,900,000 shares, the short-interest ratio is currently 3.8 days.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DV shares. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price objective (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. JPMorgan Chase & Co. lowered their price target on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Robert W. Baird boosted their price objective on shares of DoubleVerify from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Barclays lowered their target price on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Finally, Wells Fargo & Company reduced their price target on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

DoubleVerify Stock Up 1.4 %

DoubleVerify stock opened at $29.72 on Thursday. The firm has a market cap of $5.10 billion, a PE ratio of 72.49, a price-to-earnings-growth ratio of 3.27 and a beta of 1.04. DoubleVerify has a 52-week low of $26.23 and a 52-week high of $43.00. The company’s 50 day moving average is $33.22 and its two-hundred day moving average is $34.28.

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

Insiders Place Their Bets

In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the sale, the insider now directly owns 39,468 shares in the company, valued at approximately $1,322,572.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the transaction, the insider now owns 39,468 shares in the company, valued at approximately $1,322,572.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the transaction, the insider now directly owns 137,668 shares in the company, valued at approximately $4,171,340.40. The disclosure for this sale can be found here. In the last three months, insiders sold 91,531 shares of company stock worth $3,043,004. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

A number of large investors have recently modified their holdings of DV. Congress Asset Management Co. MA increased its position 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 valued at $141,255,000 after purchasing an additional 3,577,575 shares during the last quarter. Vanguard Group Inc. increased its position in shares of DoubleVerify by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after purchasing an additional 2,017,687 shares during the last quarter. Norges Bank purchased a new stake in shares of DoubleVerify in the 4th quarter valued at approximately $58,477,000. Brown Capital Management LLC increased its position in shares of DoubleVerify by 128.1% in the 4th quarter. Brown Capital Management LLC now owns 2,236,450 shares of the company’s stock valued at $82,257,000 after purchasing an additional 1,256,195 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of DoubleVerify by 39.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock valued at $107,076,000 after purchasing an additional 1,082,615 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.