DoubleVerify (NYSE:DV) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

DoubleVerify (NYSE:DV - Get Free Report) posted its earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04), Zacks reports. The business had revenue of $656.85 million for the quarter, compared to the consensus estimate of $196.82 million. DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. DoubleVerify updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

DoubleVerify Trading Up 7.2 %

Shares of DV traded up $1.00 on Monday, reaching $14.90. The company's stock had a trading volume of 8,302,346 shares, compared to its average volume of 1,973,331. The stock has a market capitalization of $2.52 billion, a PE ratio of 40.27, a PEG ratio of 2.63 and a beta of 0.99. DoubleVerify has a twelve month low of $13.42 and a twelve month high of $35.57. The firm has a fifty day moving average of $20.54 and a 200-day moving average of $19.30.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of DoubleVerify stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total transaction of $42,476.21. Following the transaction, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at $1,761,439.82. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on DV. Truist Financial reduced their target price on DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $25.00 price objective on shares of DoubleVerify in a research note on Monday, January 27th. Macquarie reissued an "outperform" rating and set a $19.00 target price on shares of DoubleVerify in a research note on Thursday, November 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $20.00 price target (down previously from $24.00) on shares of DoubleVerify in a research report on Friday. Finally, Raymond James assumed coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $23.37.

DoubleVerify announced that its board has approved a stock repurchase program 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 shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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.