Analysts Issue Forecasts for DoubleVerify Holdings, Inc.'s Q2 2024 Earnings (NYSE:DV)

DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) - Equities researchers at KeyCorp issued their Q2 2024 earnings per share estimates for DoubleVerify in a note issued to investors on Tuesday, May 7th. KeyCorp analyst J. Patterson expects that the company will earn $0.05 per share for the quarter. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for DoubleVerify's current full-year earnings is $0.36 per share. KeyCorp also issued estimates for DoubleVerify's Q3 2024 earnings at $0.07 EPS and Q4 2024 earnings at $0.17 EPS.

A number of other brokerages also recently issued reports on DV. Wells Fargo & Company reduced their price target on DoubleVerify from $44.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, March 1st. Piper Sandler reduced their price target on DoubleVerify from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Wednesday. Truist Financial reduced their price target on DoubleVerify from $39.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays reduced their price target on DoubleVerify from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price target on DoubleVerify from $38.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.05.

DoubleVerify Stock Up 0.3 %

Shares of DoubleVerify stock traded up $0.06 on Thursday, hitting $18.84. The stock had a trading volume of 7,987,461 shares, compared to its average volume of 2,103,979. DoubleVerify has a twelve month low of $17.74 and a twelve month high of $43.00. The business's 50 day moving average is $31.65 and its two-hundred day moving average is $34.25. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $140.70 million for 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 business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share.

Institutional Trading of DoubleVerify

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of DoubleVerify by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company's stock valued at $570,494,000 after buying an additional 2,017,687 shares during the period. Capital World Investors grew its stake in shares of DoubleVerify by 6.0% in the 4th quarter. Capital World Investors now owns 5,283,932 shares of the company's stock valued at $194,343,000 after buying an additional 301,011 shares during the period. Congress Asset Management Co. MA grew its stake in shares of DoubleVerify by 813.2% in the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company's stock valued at $141,255,000 after buying an additional 3,577,575 shares during the period. Bank of New York Mellon Corp grew its stake in shares of DoubleVerify by 39.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company's stock valued at $107,076,000 after buying an additional 1,082,615 shares during the period. Finally, Geneva Capital Management LLC boosted its stake in DoubleVerify by 44.9% during the 1st quarter. Geneva Capital Management LLC now owns 2,746,886 shares of the company's stock valued at $96,581,000 after purchasing an additional 851,346 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Julie Eddleman sold 900 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the transaction, the insider now directly owns 137,668 shares in the company, valued at approximately $4,171,340.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other DoubleVerify news, CFO Nicola T. Allais sold 5,292 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total transaction 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 is accessible through this hyperlink. Also, insider Julie Eddleman sold 900 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value 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. In the last ninety days, insiders sold 92,431 shares of company stock worth $3,070,904. Insiders own 3.00% 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.