DoubleVerify (NYSE:DV) Stock Price Up 6.2%

DoubleVerify Holdings, Inc. (NYSE:DV)’s share price shot up 6.2% during mid-day trading on Thursday . The stock traded as high as $35.17 and last traded at $34.94. 1,805,549 shares traded hands during trading, a decline of 2% from the average session volume of 1,843,123 shares. The stock had previously closed at $32.91.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DV. Morgan Stanley began coverage on shares of DoubleVerify in a report on Wednesday, December 13th. They set an “overweight” rating and a $40.00 price target on the stock. Wells Fargo & Company reduced their target price on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Bank of America reduced their target price on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Robert W. Baird boosted their target price on shares of DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, KeyCorp boosted their price target on shares of DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

DoubleVerify Stock Up 6.8 %

The company has a market cap of $6.02 billion, a P/E ratio of 86.66, a price-to-earnings-growth ratio of 3.49 and a beta of 1.01. The company’s 50-day moving average is $37.65 and its two-hundred day moving average is $33.63.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $172.23 million during the quarter, compared to analyst estimates of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. On average, analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now directly owns 39,468 shares of the company’s stock, valued at $1,322,572.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 sale, the insider now directly owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the sale, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. Insiders have sold a total of 62,480 shares of company stock valued at $2,086,690 over the last three months. 3.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in shares of DoubleVerify by 15.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,019 shares of the company’s stock worth $589,000 after purchasing an additional 2,120 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 during the last quarter. Congress Asset Management Co. MA grew its holdings in shares of DoubleVerify by 47.9% in the fourth quarter. Congress Asset Management Co. MA now owns 439,924 shares of the company’s stock worth $16,180,000 after purchasing an additional 142,566 shares during the last quarter. American International Group Inc. grew its holdings in shares of DoubleVerify by 5.8% in the fourth quarter. American International Group Inc. now owns 8,871 shares of the company’s stock worth $326,000 after purchasing an additional 483 shares during the last quarter. Finally, Cim LLC bought a new position in shares of DoubleVerify in the fourth quarter worth approximately $1,027,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.