DoubleVerify (DV) Expected to Announce Quarterly Earnings on Thursday

DoubleVerify (NYSE:DV) is anticipated to release its earnings data after the market closes on Thursday, February 27th. Analysts expect DoubleVerify to post earnings of $0.17 per share and revenue of $196.82 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

DoubleVerify Trading Up 3.2 %

NYSE DV opened at $22.37 on Tuesday. The company has a fifty day simple moving average of $20.54 and a 200 day simple moving average of $19.26. DoubleVerify has a 12-month low of $16.11 and a 12-month high of $43.00. The company has a market cap of $3.78 billion, a P/E ratio of 60.47, a PEG ratio of 2.63 and a beta of 0.99.

DoubleVerify declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DV shares. Barclays dropped their price target on shares of DoubleVerify from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. JMP Securities restated a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Wells Fargo & Company began coverage on DoubleVerify in a report on Monday, October 28th. They set an “underweight” rating and a $14.00 price target for the company. Raymond James initiated coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. Finally, Morgan Stanley cut their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

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.