DoubleVerify (DV) Projected to Post Quarterly Earnings on Thursday

DoubleVerify (NYSE:DV - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $196.82 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

DoubleVerify Stock Down 2.9 %

Shares of NYSE DV traded down $0.66 during trading hours on Friday, hitting $21.70. The company had a trading volume of 1,164,159 shares, compared to its average volume of 1,155,615. The stock has a market capitalization of $3.67 billion, a P/E ratio of 58.64, a price-to-earnings-growth ratio of 2.63 and a beta of 0.99. DoubleVerify has a 1-year low of $16.11 and a 1-year high of $43.00. The firm's 50 day moving average is $20.50 and its 200-day moving average is $19.23.

DoubleVerify declared that its board has authorized a stock repurchase program on Wednesday, November 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the transaction, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DV. JMP Securities restated a "market outperform" rating and issued a $25.00 price objective on shares of DoubleVerify in a research note on Monday, January 27th. Macquarie restated an "outperform" rating and issued a $19.00 price target on shares of DoubleVerify in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on DoubleVerify from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Wells Fargo & Company began coverage on shares of DoubleVerify in a research report on Monday, October 28th. They issued an "underweight" rating and a $14.00 price objective on the stock. Finally, Truist Financial reduced their target price on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, DoubleVerify presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

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.