DoubleVerify (DV) to Release Earnings on Tuesday

DoubleVerify (NYSE:DV) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect DoubleVerify to post earnings of $0.03 per share for the quarter. DoubleVerify has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The business had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. On average, analysts expect DoubleVerify to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DoubleVerify Price Performance

Shares of DV opened at $30.37 on Friday. The company’s fifty day moving average price is $32.50 and its 200-day moving average price is $34.23. DoubleVerify has a 1-year low of $26.23 and a 1-year high of $43.00. The firm has a market capitalization of $5.21 billion, a PE ratio of 74.07, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. KeyCorp upped their price target on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of DoubleVerify in a research note on Thursday, March 28th. Truist Financial reduced their price objective on shares of DoubleVerify from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped their target price on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report 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 for the company in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Activity

In other DoubleVerify news, 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 sale, the insider now directly owns 137,668 shares in the company, valued at $4,171,340.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew E. Grimmig sold 50,924 shares of the stock in a transaction on Monday, March 18th. The shares were 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 owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,531 shares of company stock valued at $3,043,004. 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.