DoubleVerify (NYSE:DV) Stock Price Down 4.2% Following Insider Selling

Key Points

• DoubleVerify's shares fell 4.2% after Director Lucy Stamell Dobrin sold 6,392 shares at an average price of $14.51, contributing to a significant drop in trading volume.
• Despite the insider selling, several analysts have set optimistic price targets for DoubleVerify, with a consensus rating of "Moderate Buy" and an average price target of $19.13.
• The company reported a 21.3% increase in revenue year-over-year for the last quarter, although it slightly missed earnings expectations with an EPS of $0.05.

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report)'s share price traded down 4.2% during trading on Friday after an insider sold shares in the company. The stock traded as low as $13.49 and last traded at $13.37. 97,621 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 2,468,499 shares. The stock had previously closed at $13.95.

Specifically, Director Lucy Stamell Dobrin sold 6,392 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective on DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. BMO Capital Markets restated an "outperform" rating and set a $27.00 price target (up previously from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Barclays lifted their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Truist Financial reaffirmed a "buy" rating and set a $22.00 price objective (up from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. Finally, Stifel Nicolaus boosted their price target on shares of DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DoubleVerify has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 4.41. The stock has a market cap of $2.14 billion, a PE ratio of 45.26, a P/E/G ratio of 1.94 and a beta of 1.06. The firm's 50-day moving average is $15.32 and its 200 day moving average is $14.41.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $189.02 million during the quarter, compared to analyst estimates of $171.14 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The business's quarterly revenue was up 21.3% compared to the same quarter last year. DoubleVerify has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Institutional Trading of DoubleVerify

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of DoubleVerify by 669.2% during the first quarter. SG Americas Securities LLC now owns 45,200 shares of the company's stock worth $604,000 after buying an additional 39,324 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in DoubleVerify by 36.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock worth $1,092,000 after purchasing an additional 21,829 shares during the last quarter. ING Groep NV lifted its stake in DoubleVerify by 32.9% during the first quarter. ING Groep NV now owns 503,900 shares of the company's stock worth $6,737,000 after purchasing an additional 124,800 shares during the last quarter. Vanguard Group Inc. lifted its stake in DoubleVerify by 5.6% during the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company's stock worth $246,891,000 after purchasing an additional 984,779 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in DoubleVerify by 3.2% during the first quarter. Northern Trust Corp now owns 1,153,839 shares of the company's stock worth $15,427,000 after purchasing an additional 36,009 shares during the last quarter. Institutional investors and hedge funds 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.