Equities Analysts Set Expectations for DoubleVerify Holdings, Inc.’s Q2 2024 Earnings (NYSE:DV)

DoubleVerify Holdings, Inc. (NYSE:DV) – Research analysts at KeyCorp issued their Q2 2024 earnings per share (EPS) estimates for DoubleVerify in a report issued on Tuesday, May 7th. KeyCorp analyst J. Patterson anticipates that the company will post earnings per share of $0.05 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.

Several other brokerages have also recently weighed in on DV. Needham & Company LLC dropped their price target on shares of DoubleVerify from $45.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday. Canaccord Genuity Group lowered their price objective on DoubleVerify from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. JMP Securities reduced their target price on shares of DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating for the company in a report on Wednesday. TheStreet upgraded shares of DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their price target on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, DoubleVerify has an average rating of “Moderate Buy” and an average price target of $37.47.

DoubleVerify Stock Performance

DV stock opened at $18.77 on Thursday. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 45.78, a P/E/G ratio of 3.24 and a beta of 1.11. The business’s 50-day moving average is $31.65 and its two-hundred day moving average is $34.25. DoubleVerify has a fifty-two week low of $17.74 and a fifty-two week high of $43.00.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $140.70 million for the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The firm’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 firm earned $0.07 earnings per share.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which is available at the SEC website. 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 value 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 $2,253,705.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Nicola T. Allais sold 5,364 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at approximately $2,395,384. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,531 shares of company stock valued at $3,043,004. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Congress Asset Management Co. MA boosted its holdings in DoubleVerify by 813.2% during the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after buying an additional 3,577,575 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of DoubleVerify by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after buying an additional 2,017,687 shares in the last quarter. Norges Bank acquired a new stake in DoubleVerify in the 4th quarter valued at about $58,477,000. Brown Capital Management LLC boosted its holdings in shares of DoubleVerify by 128.1% during the 4th quarter. Brown Capital Management LLC now owns 2,236,450 shares of the company’s stock worth $82,257,000 after purchasing an additional 1,256,195 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of DoubleVerify by 39.4% in the third quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock valued at $107,076,000 after purchasing an additional 1,082,615 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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.