DoubleVerify (NYSE:DV) Insider Andrew E. Grimmig Sells 4,096 Shares

Key Points

• DoubleVerify's insider Andrew Grimmig sold 4,096 shares for $53,207.04 at an average price of $12.99, reducing his ownership by 4.08% to 96,301 shares valued at approximately $1.25 million.
• The company's recent earnings report showed a revenue of $189.02 million with a 21.3% increase from the previous year, although it missed EPS expectations by $0.01.
• Currently, DoubleVerify has an average consensus rating of "Moderate Buy" from analysts, with a target price of $19.13, while some firms like BMO Capital Markets have set a target as high as $27.00.

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) insider Andrew E. Grimmig sold 4,096 shares of DoubleVerify stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider owned 96,301 shares in the company, valued at $1,250,949.99. The trade was a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded down $0.04 during trading on Friday, hitting $12.74. 8,929,431 shares of the stock were exchanged, compared to its average volume of 2,934,410. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. The company has a fifty day moving average price of $15.18 and a 200-day moving average price of $14.37. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The company had revenue of $189.02 million during the quarter, compared to analyst estimates of $171.14 million. During the same quarter last year, the company posted $0.04 EPS. The firm's quarterly revenue was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleVerify

Several institutional investors and hedge funds have recently added to or reduced their stakes in DV. Focus Partners Wealth acquired a new position in DoubleVerify in the 4th quarter valued at approximately $196,000. Nuveen Asset Management LLC increased its position in DoubleVerify by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock valued at $7,300,000 after acquiring an additional 1,779 shares during the period. Two Sigma Advisers LP increased its position in DoubleVerify by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 317,875 shares of the company's stock valued at $6,106,000 after acquiring an additional 25,475 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in DoubleVerify by 10.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 418,471 shares of the company's stock valued at $8,039,000 after acquiring an additional 38,890 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in shares of DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after buying an additional 2,073,279 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Truist Financial reiterated a "buy" rating and issued a $22.00 price target (up previously from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of DoubleVerify in a research note on Thursday, June 12th. JMP Securities reissued a "market outperform" rating and issued a $20.00 price objective on shares of DoubleVerify in a report on Tuesday, September 2nd. Barclays boosted their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.13.

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.