DoubleVerify Holdings, Inc. (NYSE:DV) Short Interest Up 7.8% in February

DoubleVerify Holdings, Inc. (NYSE:DV – Get Rating) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 6,090,000 shares, a growth of 7.8% from the February 13th total of 5,650,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 6.9% of the shares of the company are sold short.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,607 shares of DoubleVerify stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $23.19, for a total value of $37,266.33. Following the completion of the sale, the chief financial officer now owns 54,092 shares in the company, valued at approximately $1,254,393.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other DoubleVerify news, CFO Nicola T. Allais sold 1,607 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $23.19, for a total value of $37,266.33. Following the transaction, the chief financial officer now directly owns 54,092 shares of the company’s stock, valued at approximately $1,254,393.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Nicola T. Allais sold 5,907 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $27.81, for a total transaction of $164,273.67. Following the completion of the transaction, the chief financial officer now directly owns 54,092 shares in the company, valued at $1,504,298.52. The disclosure for this sale can be found here. Insiders sold 28,681,472 shares of company stock worth $760,045,135 in the last quarter. 3.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently added to or reduced their stakes in DV. BlackRock Inc. boosted its position in DoubleVerify by 52.2% during the 1st quarter. BlackRock Inc. now owns 6,349,707 shares of the company’s stock worth $159,822,000 after buying an additional 2,176,812 shares during the period. Eventide Asset Management LLC acquired a new position in shares of DoubleVerify in the 3rd quarter worth approximately $50,519,000. 1832 Asset Management L.P. lifted its position in shares of DoubleVerify by 586.6% in the 4th quarter. 1832 Asset Management L.P. now owns 1,807,100 shares of the company’s stock worth $39,684,000 after purchasing an additional 1,543,900 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of DoubleVerify in the 4th quarter worth approximately $32,287,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of DoubleVerify by 32.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,229,072 shares of the company’s stock worth $118,543,000 after purchasing an additional 1,289,415 shares during the period. 90.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DV has been the topic of several recent analyst reports. Barclays raised their target price on shares of DoubleVerify from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, March 2nd. Royal Bank of Canada lifted their price target on shares of DoubleVerify from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, March 2nd. The Goldman Sachs Group lifted their price target on shares of DoubleVerify from $29.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, March 2nd. TheStreet raised shares of DoubleVerify from a “d” rating to a “c-” rating in a report on Wednesday, March 1st. Finally, Loop Capital lifted their price target on shares of DoubleVerify from $32.00 to $35.00 in a report on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.10.

DoubleVerify Trading Down 1.8 %

NYSE:DV traded down $0.46 during mid-day trading on Friday, hitting $25.11. 212,845 shares of the company’s stock were exchanged, compared to its average volume of 1,655,506. The company has a 50 day simple moving average of $25.98 and a 200-day simple moving average of $26.08. DoubleVerify has a fifty-two week low of $17.22 and a fifty-two week high of $32.43. The firm has a market capitalization of $4.16 billion, a P/E ratio of 102.28 and a beta of 0.76.

DoubleVerify (NYSE:DV – Get Rating) last posted its earnings results on Wednesday, March 1st. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). DoubleVerify had a return on equity of 5.16% and a net margin of 9.56%. The business had revenue of $133.64 million for the quarter, compared to analyst estimates of $133.20 million. As a group, analysts expect that DoubleVerify will post 0.33 earnings per share for the current year.

About DoubleVerify

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DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.