DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais Sells 1,764 Shares

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $20.16, for a total value of $35,562.24. Following the sale, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at $1,558,650.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

DoubleVerify Price Performance

Shares of DV traded up $0.24 during mid-day trading on Monday, reaching $20.25. The company’s stock had a trading volume of 1,895,886 shares, compared to its average volume of 2,359,085. DoubleVerify Holdings, Inc. has a 12-month low of $17.50 and a 12-month high of $43.00. The stock has a market cap of $3.48 billion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 3.08 and a beta of 0.93. The company’s 50 day moving average is $19.13 and its 200 day moving average is $29.38.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $138.25 million. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. As a group, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.31 EPS for the current fiscal year.

DoubleVerify announced that its board has approved a share buyback program on Thursday, May 16th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently made changes to their positions in DV. Washington Capital Management Inc. grew its position in shares of DoubleVerify by 122.2% during the second quarter. Washington Capital Management Inc. now owns 24,000 shares of the company’s stock worth $467,000 after acquiring an additional 13,200 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in DoubleVerify during the 2nd quarter worth $73,268,000. Silver Lake Advisory LLC purchased a new position in DoubleVerify during the 2nd quarter worth $202,000. M&G Plc acquired a new position in DoubleVerify in the second quarter valued at $9,249,000. Finally, Dnca Finance purchased a new stake in shares of DoubleVerify in the second quarter valued at about $6,016,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus dropped their price target on shares of DoubleVerify from $37.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Capital One Financial downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Barclays decreased their price target on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. KeyCorp cut DoubleVerify from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 8th. Finally, Bank of America cut DoubleVerify from a “buy” rating to an “underperform” rating and lowered their target price for the company from $45.00 to $18.00 in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.89.

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.