DoubleVerify Holdings, Inc. (NYSE:DV) Insider Julie Eddleman Sells 900 Shares

DoubleVerify Holdings, Inc. (NYSE:DV) insider Julie Eddleman sold 900 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $30.85, for a total value of $27,765.00. Following the transaction, the insider now directly owns 139,802 shares of the company’s stock, valued at $4,312,891.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, April 2nd, Julie Eddleman sold 900 shares of DoubleVerify stock. The shares were sold at an average price of $33.05, for a total value 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 value of $27,270.00.

DoubleVerify Price Performance

NYSE:DV opened at $30.14 on Friday. The business’s 50-day moving average is $35.05 and its two-hundred day moving average is $34.07. DoubleVerify Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $43.00. The firm has a market capitalization of $5.18 billion, a PE ratio of 73.51, a price-to-earnings-growth ratio of 3.21 and a beta of 1.04.

DoubleVerify (NYSE:DV) last announced 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. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. Equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Hedge Funds Weigh In On DoubleVerify

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in DoubleVerify in the fourth quarter worth about $42,000. Signaturefd LLC grew its stake in DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares in the last quarter. Castleview Partners LLC acquired a new position in DoubleVerify in the second quarter worth about $42,000. Guinness Atkinson Asset Management Inc acquired a new position in DoubleVerify in the third quarter worth about $34,000. Finally, Quadrant Capital Group LLC grew its stake in DoubleVerify by 65.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DV has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on DoubleVerify from $40.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. TheStreet raised DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th. BMO Capital Markets reissued an “outperform” rating and set a $42.00 target price (down from $44.00) on shares of DoubleVerify in a research note on Friday, March 1st. Macquarie raised DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Monday, March 11th. Finally, JPMorgan Chase & Co. cut their target price 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 analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

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.