DoubleVerify (NYSE:DV) Issues Earnings Results

DoubleVerify (NYSE:DV) posted its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01, Briefing.com reports. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS.

DoubleVerify Stock Up 2.7 %

Shares of DoubleVerify stock opened at $19.34 on Friday. The firm has a market cap of $3.32 billion, a PE ratio of 45.95, a P/E/G ratio of 3.24 and a beta of 1.11. The business has a 50-day moving average price of $31.41 and a 200 day moving average price of $34.14. DoubleVerify has a twelve month low of $17.74 and a twelve month high of $43.00.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada cut their target price on DoubleVerify from $49.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday. Canaccord Genuity Group dropped their price target on DoubleVerify from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. Needham & Company LLC lowered their price objective on shares of DoubleVerify from $45.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial cut their target price on shares of DoubleVerify from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Macquarie upgraded shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.05.

Insiders Place Their Bets

In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the transaction, the insider now directly owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other DoubleVerify news, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total value of $163,311.12. Following the completion of the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at approximately $2,253,705.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the sale, the insider now owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,431 shares of company stock worth $3,070,904. 3.00% of the stock is owned by corporate insiders.

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.