The price of DoubleVerify Holdings Inc. (NYSE:DV) shares last traded on Wall Street fell -14.73% to $35.90.
Based on available information, 17 analysts follow DoubleVerify Holdings Inc. (NYSE:DV). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $30.00, we find $45.00. Given the previous closing price of $42.10, this indicates a potential upside of 6.89 percent. DV stock price is now -3.86% away from the 50-day moving average and 22.20% away from the 200-day moving average. The market capitalization of the company currently stands at $5.79B.
Among analysts, 1 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $44.06 as their price target over the next twelve months.
With the price target of $47, Stephens recently initiated with Overweight rating for DoubleVerify Holdings Inc. (NYSE: DV).
In other news, Desmond Laura, Director sold 11,002 shares of the company’s stock on Jul 25. The stock was sold for $443,635 at an average price of $40.32. Upon completion of the transaction, the Director now directly owns 179,071 shares in the company, valued at $6.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 25, Global Chief Comm. Officer Eddleman Julie sold 750 shares of the business’s stock. A total of $30,158 was realized by selling the stock at an average price of $40.21. This leaves the insider owning 129,371 shares of the company worth $4.64 million. Insiders disposed of 59,811,763 shares of company stock worth roughly $2.15 billion over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DV stock. A new stake in DoubleVerify Holdings Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $11,343,000. GENEVA CAPITAL MANAGEMENT LLC invested $8,898,000 in shares of DV during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in DoubleVerify Holdings Inc. valued at approximately $8,659,000. WALLEYE CAPITAL LLC acquired a new stake in DV for approximately $6,167,000. PUBLIC SECTOR PENSION INVESTMENT BOARD purchased a new stake in DV valued at around $5,514,000 in the second quarter. In total, there are 322 active investors with 99.53% ownership of the company’s stock.
A candlestick chart of DoubleVerify Holdings Inc. (NYSE: DV) showed a price of $37.00 on Tuesday morning. During the past 12 months, DoubleVerify Holdings Inc. has had a low of $20.38 and a high of $42.51. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.30, and a quick ratio of 6.30. According to the stock market information, the enterprise value for the company is $5.80B, which is based on a 120.88 price-to-earnings ratio, a 6.23 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for DV is $37.46 and a two-hundred day moving average price translates $29.42 for the stock.
The latest earnings results from DoubleVerify Holdings Inc. (NYSE: DV) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.07, beating analysts’ expectations of $0.06 by 0.01. This compares to $0.06 EPS in the same period last year. The net profit margin was 10.60% and return on equity was 5.90% for DV. The company reported revenue of $133.74 million for the quarter, compared to $109.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.8 percent. For the current quarter, analysts expect DV to generate $138.34M in revenue.
DoubleVerify Holdings Inc.(DV) Company Profile
DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, and analytics in the United States and internationally. The company provides solutions to advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments. It also offers solutions include DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud-free, brand-suitable, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance. In addition, it offers DV Publisher suite, a solution for digital publishers to manage revenue and increase inventory yield by improving video delivery, identifying lost or unfilled sales, and aggregate data across all inventory sources; and DV Pinnacle, a service and analytics platform user interface that allows its customers to adjust and deploy controls for their media plan and track campaign performance metrics across channels, formats, and devices. Further, the company software solutions are integrated in the digital advertising ecosystem, including programmatic platforms, social media channels, and digital publishers. It serves brands, publishers, and other supply-side customers covering various industry verticals, including consumer packaged goods, financial services, telecommunications, technology, automotive, and healthcare. DoubleVerify Holdings, Inc. was founded in 2008 and is headquartered in New York, New York.
