DoubleVerify (NYSE:DV) Sets New 1-Year Low at $17.14

DoubleVerify Holdings, Inc. (NYSE:DV) hit a new 52-week low on Monday . The company traded as low as $17.14 and last traded at $17.20, with a volume of 136197 shares changing hands. The stock had previously closed at $17.42.

Wall Street Analysts Forecast Growth

DV has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of DoubleVerify in a research report on Friday, June 14th. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a report on Wednesday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of DoubleVerify in a research report on Friday. Morgan Stanley upped their price target on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Macquarie reiterated an “outperform” rating and issued a $25.00 price objective on shares of DoubleVerify in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and a consensus target price of $31.53.

DoubleVerify Trading Down 1.5 %

The business’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $23.58. The company has a market cap of $2.95 billion, a PE ratio of 45.84, a P/E/G ratio of 2.40 and a beta of 0.92.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $155.89 million during the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. On average, research analysts predict that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $20.02, for a total value of $35,315.28. Following the transaction, the chief financial officer now owns 77,314 shares in the company, valued at approximately $1,547,826.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 5,292 shares of company stock worth $104,835 over the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently made changes to their positions in DV. Assenagon Asset Management S.A. bought a new position in DoubleVerify in the second quarter worth $73,268,000. Congress Asset Management Co. MA lifted its holdings in shares of DoubleVerify by 813.2% during the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after acquiring an additional 3,577,575 shares during the period. Burgundy Asset Management Ltd. acquired a new stake in shares of DoubleVerify during the 2nd quarter valued at about $54,099,000. Mackenzie Financial Corp bought a new stake in DoubleVerify in the second quarter valued at about $53,015,000. Finally, Vanguard Group Inc. raised its position in DoubleVerify by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after purchasing an additional 2,017,687 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

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.