Insider Selling: DoubleVerify Holdings, Inc. (NYSE:DV) Insider Sells 900 Shares of Stock

DoubleVerify Holdings, Inc. (NYSE:DV) insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $30.85, for a total value of $27,765.00. Following the sale, the insider now directly owns 139,802 shares in the company, valued at $4,312,891.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Julie Eddleman also recently made the following trade(s):

• On Tuesday, April 2nd, Julie Eddleman sold 900 shares of DoubleVerify stock. The stock was sold at an average price of $33.05, for a total value of $29,745.00.
• On Tuesday, March 5th, Julie Eddleman sold 900 shares of DoubleVerify stock. The stock was sold at an average price of $30.30, for a total value of $27,270.00.

DoubleVerify Trading Up 0.4 %

NYSE:DV traded up $0.11 during midday trading on Thursday, hitting $30.14. 1,353,336 shares of the stock were exchanged, compared to its average volume of 1,815,758. DoubleVerify Holdings, Inc. has a one year low of $26.23 and a one year high of $43.00. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 73.51, a P/E/G ratio of 3.22 and a beta of 1.04. The business has a 50-day moving average price of $35.29 and a two-hundred day moving average price of $34.10.

DoubleVerify (NYSE:DV) last announced its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The firm had revenue of $172.23 million for the quarter, compared to analysts’ expectations of $171.85 million. Sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DV has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of DoubleVerify in a research note on Thursday, March 28th. JMP Securities decreased their price target on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating for the company in a research note on Thursday, February 29th. Truist Financial decreased their target price on DoubleVerify from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. BMO Capital Markets restated an “outperform” rating and issued a $42.00 target price (down from $44.00) on shares of DoubleVerify in a research note on Friday, March 1st. Finally, TheStreet upgraded DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DV. Advisor Group Holdings Inc. increased its holdings in shares of DoubleVerify by 54.0% in the first quarter. Advisor Group Holdings Inc. now owns 5,242 shares of the company’s stock valued at $131,000 after buying an additional 1,838 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of DoubleVerify by 62.2% in the first quarter. JPMorgan Chase & Co. now owns 16,636 shares of the company’s stock valued at $419,000 after buying an additional 6,381 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of DoubleVerify by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 131,348 shares of the company’s stock valued at $3,308,000 after buying an additional 2,682 shares in the last quarter. US Bancorp DE increased its holdings in shares of DoubleVerify by 210.8% in the first quarter. US Bancorp DE now owns 12,064 shares of the company’s stock valued at $303,000 after buying an additional 8,182 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of DoubleVerify by 130.3% in the first quarter. Citigroup Inc. now owns 6,012 shares of the company’s stock valued at $151,000 after buying an additional 3,401 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.