Insider Selling: DoubleVerify (NYSE:DV) Insider Sells 4,096 Shares of Stock

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 the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the transaction, the insider directly owned 96,301 shares of the company's stock, valued at $1,250,949.99. This trade represents a 4.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

DoubleVerify Stock Down 2.7%

Shares of NYSE:DV traded down $0.35 on Monday, reaching $12.40. The company had a trading volume of 4,639,535 shares, compared to its average volume of 3,320,573. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.03 billion, a PE ratio of 42.74, a PEG ratio of 1.90 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The firm's 50 day simple moving average is $15.13 and its 200-day simple moving average is $14.35.

DoubleVerify (NYSE:DV - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $171.14 million. During the same quarter last year, the firm earned $0.04 EPS. DoubleVerify's revenue for the quarter was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. As a group, analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of DoubleVerify from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Truist Financial reaffirmed a "buy" rating and set a $22.00 target price (up from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. JMP Securities reiterated a "market outperform" rating and issued a $20.00 price target on shares of DoubleVerify in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. upgraded DoubleVerify from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $18.00 to $19.00 in a research note on Friday, August 1st. Finally, Morgan Stanley increased their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.13.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently bought and sold shares of DV. California State Teachers Retirement System increased its holdings in shares of DoubleVerify by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company's stock valued at $1,993,000 after acquiring an additional 754 shares during the last quarter. Woodline Partners LP increased its stake in DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company's stock valued at $412,000 after purchasing an additional 762 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in DoubleVerify by 5.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company's stock worth $230,000 after purchasing an additional 785 shares in the last quarter. Covestor Ltd lifted its position in shares of DoubleVerify by 13.9% during the 1st quarter. Covestor Ltd now owns 7,291 shares of the company's stock worth $97,000 after buying an additional 889 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of DoubleVerify by 3.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company's stock valued at $518,000 after buying an additional 1,028 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

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.