Short Interest in DoubleVerify Holdings, Inc. (NYSE:DV) Rises By 17.8%

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 6,500,000 shares, an increase of 17.8% from the March 15th total of 5,520,000 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is presently 3.5 days. Currently, 4.7% of the shares of the stock are sold short.

Insider Activity at DoubleVerify

In related news, insider Andrew E. Grimmig sold 50,924 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $33.51, for a total value of $1,706,463.24. Following the completion of the sale, the insider now owns 39,468 shares of the company's stock, valued at $1,322,572.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other DoubleVerify news, insider Andrew E. Grimmig sold 16,667 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $33.80, for a total value of $563,344.60. Following the transaction, the insider now directly owns 39,468 shares of the company's stock, valued at $1,334,018.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andrew E. Grimmig sold 50,924 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the transaction, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. Insiders sold a total of 80,047 shares of company stock valued at $2,679,779 over the last quarter. Corporate insiders own 3.27% of the company's stock.

Institutional Investors Weigh In On DoubleVerify

Hedge funds have recently added to or reduced their stakes in the business. Washington Capital Management Inc. bought a new position in DoubleVerify during the 1st quarter worth approximately $380,000. Congress Asset Management Co. MA raised its holdings in DoubleVerify by 813.2% during the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company's stock worth $141,255,000 after purchasing an additional 3,577,575 shares during the last quarter. Park Avenue Securities LLC raised its holdings in DoubleVerify by 27.9% during the 1st quarter. Park Avenue Securities LLC now owns 39,024 shares of the company's stock worth $1,372,000 after purchasing an additional 8,509 shares during the last quarter. Renaissance Capital LLC raised its holdings in DoubleVerify by 5.4% during the 1st quarter. Renaissance Capital LLC now owns 92,520 shares of the company's stock worth $3,253,000 after purchasing an additional 4,706 shares during the last quarter. Finally, Juncture Wealth Strategies LLC bought a new position in DoubleVerify during the 1st quarter worth approximately $545,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Down 2.0 %

DV stock traded down $0.65 during mid-day trading on Friday, hitting $32.36. The stock had a trading volume of 995,398 shares, compared to its average volume of 1,726,415. The firm has a fifty day simple moving average of $35.97 and a 200 day simple moving average of $34.09. DoubleVerify has a 52 week low of $26.23 and a 52 week high of $43.00. The firm has a market capitalization of $5.56 billion, a P/E ratio of 78.93, a P/E/G ratio of 3.41 and a beta of 1.04.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The company had revenue of $172.23 million for the quarter, compared to the consensus estimate of $171.85 million. As a group, equities analysts expect that DoubleVerify will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on DV. Royal Bank of Canada boosted their price objective on shares of DoubleVerify from $40.00 to $49.00 and gave the company an "outperform" rating in a research report on Tuesday, February 27th. Robert W. Baird boosted their price objective on shares of DoubleVerify from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. JMP Securities cut their price objective on shares of DoubleVerify from $45.00 to $40.00 and set a "market outperform" rating on the stock in a research report on Thursday, February 29th. Macquarie raised shares of DoubleVerify from a "neutral" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Monday, March 11th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $42.00 price objective (down previously from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.50.

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.