DoubleVerify (NYSE:DV) Stock Price Up 6.2%

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) traded up 6.2% on Thursday . The company traded as high as $35.17 and last traded at $34.94. 1,805,549 shares were traded during mid-day trading, a decline of 2% from the average session volume of 1,843,123 shares. The stock had previously closed at $32.91.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America reduced their target price on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Barclays cut their price target on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Morgan Stanley assumed coverage on DoubleVerify in a research note on Wednesday, December 13th. They set an “overweight” rating and a $40.00 price target on the stock. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, March 11th. Finally, JPMorgan Chase & Co. cut their price target on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

DoubleVerify Stock Up 6.8 %

The firm has a 50-day moving average of $37.65 and a two-hundred day moving average of $33.63. The company has a market capitalization of $6.02 billion, a PE ratio of 86.66, a PEG ratio of 3.49 and a beta of 1.01.

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

Insider Activity

In other 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 value of $1,706,463.24. Following the completion of the sale, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 $1,322,572.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.45, for a total value of $177,017.40. Following the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,442,853.50. The disclosure for this sale can be found here. Insiders sold 62,480 shares of company stock worth $2,086,690 over the last three months. 3.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DoubleVerify

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of DoubleVerify by 2.2% in the 2nd quarter. BlackRock Inc. now owns 16,899,835 shares of the company’s stock valued at $657,742,000 after purchasing an additional 362,948 shares during the last quarter. Vanguard Group Inc. lifted its stake 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. T. Rowe Price Investment Management Inc. lifted its stake in shares of DoubleVerify by 17.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,103,585 shares of the company’s stock valued at $155,995,000 after purchasing an additional 1,045,501 shares during the last quarter. Capital World Investors lifted its stake in shares of DoubleVerify by 6.0% in the 4th quarter. Capital World Investors now owns 5,283,932 shares of the company’s stock valued at $194,343,000 after purchasing an additional 301,011 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of DoubleVerify by 32.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,229,072 shares of the company’s stock valued at $118,543,000 after purchasing an additional 1,289,415 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

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.