DoubleVerify (DV) to Release Quarterly Earnings on Thursday

DoubleVerify (NYSE:DV) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $196.82 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

DoubleVerify Trading Up 3.2 %

Shares of NYSE DV opened at $22.37 on Tuesday. The firm has a market cap of $3.78 billion, a PE ratio of 60.47, a PEG ratio of 2.63 and a beta of 0.99. The company has a fifty day moving average price of $20.54 and a 200 day moving average price of $19.26. DoubleVerify has a 1-year low of $16.11 and a 1-year high of $43.00.

DoubleVerify announced that its Board of Directors has approved a share buyback program on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently commented on DV shares. Scotiabank initiated coverage on DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 target price for the company. Morgan Stanley decreased their target price on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Truist Financial decreased their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Barclays lowered their target price on DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

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.