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

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $16.41, for a total value of $28,947.24. Following the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,339,023.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

DoubleVerify Price Performance

Shares of NYSE DV traded up $0.57 during trading on Thursday, hitting $16.81. 2,669,060 shares of the company were exchanged, compared to its average volume of 2,354,719. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 42.66, a PEG ratio of 2.21 and a beta of 0.90. The firm’s fifty day moving average price is $17.88 and its 200 day moving average price is $20.56.

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

Analyst Upgrades and Downgrades

Several research firms have commented on DV. The Goldman Sachs Group cut their price target on DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Macquarie cut their target price on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Morgan Stanley raised their price objective 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. Stifel Nicolaus reduced their target price on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $33.00 price target on shares of DoubleVerify in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.65.

Institutional Trading of DoubleVerify

A number of institutional investors have recently bought and sold shares of DV. Assenagon Asset Management S.A. purchased a new stake in shares of DoubleVerify in the 2nd quarter worth about $73,268,000. Burgundy Asset Management Ltd. acquired a new stake in shares of DoubleVerify in the second quarter valued at approximately $54,099,000. Mackenzie Financial Corp purchased a new position in shares of DoubleVerify during the 2nd quarter worth approximately $53,015,000. Jericho Capital Asset Management L.P. acquired a new position in shares of DoubleVerify during the 1st quarter worth approximately $53,584,000. Finally, Capital International Investors lifted its stake in DoubleVerify by 104.7% in the 1st quarter. Capital International Investors now owns 1,681,385 shares of the company’s stock valued at $59,117,000 after buying an additional 859,922 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

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.