DoubleVerify Holdings, Inc. (NYSE:DV) Insider Sells $27,900.00 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) insider Julie Eddleman sold 900 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $31.00, for a total transaction of $27,900.00. Following the sale, the insider now directly owns 145,944 shares in the company, valued at $4,524,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Julie Eddleman also recently made the following trade(s):

• On Tuesday, April 16th, Julie Eddleman sold 900 shares of DoubleVerify stock. The stock was sold at an average price of $30.85, for a total transaction of $27,765.00.
• On Tuesday, April 2nd, Julie Eddleman sold 900 shares of DoubleVerify stock. The stock was sold at an average price of $33.05, for a total transaction of $29,745.00.
• On Tuesday, March 5th, Julie Eddleman sold 900 shares of DoubleVerify stock. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00.

DoubleVerify Trading Up 0.3 %

NYSE:DV traded up $0.06 during mid-day trading on Thursday, hitting $18.84. 7,987,461 shares of the company’s stock were exchanged, compared to its average volume of 2,103,979. DoubleVerify Holdings, Inc. has a fifty-two week low of $17.74 and a fifty-two week high of $43.00. The company has a 50 day simple moving average of $31.65 and a 200-day simple moving average of $34.25. The firm has a market capitalization of $3.24 billion, a P/E ratio of 45.39, a PEG ratio of 3.24 and a beta of 1.11.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.25 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DV. KeyCorp downgraded DoubleVerify from an “overweight” rating to a “sector weight” rating in a research report on Wednesday. Royal Bank of Canada dropped their price objective on shares of DoubleVerify from $49.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays decreased their target price on shares of DoubleVerify from $40.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday. Piper Sandler lowered their target price on shares of DoubleVerify from $40.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.05.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors have recently added to or reduced their stakes in DV. Whittier Trust Co. bought a new stake in DoubleVerify in the 1st quarter valued at about $28,000. Guinness Atkinson Asset Management Inc acquired a new stake in DoubleVerify in the third quarter valued at approximately $34,000. Signaturefd LLC increased its holdings in shares of DoubleVerify by 84.7% during the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after acquiring an additional 498 shares in the last quarter. Huntington National Bank raised its position in shares of DoubleVerify by 41.6% during the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in DoubleVerify in the 4th quarter valued at $42,000. 97.29% of the stock is owned by institutional investors and hedge funds.

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.