DoubleVerify (DV) Scheduled to Post Quarterly Earnings on Wednesday

DoubleVerify (NYSE:DV - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

DoubleVerify (NYSE:DV - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $155.89 million for the quarter, compared to analysts' expectations of $153.78 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, analysts expect DoubleVerify to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

DoubleVerify Trading Down 0.3 %

Shares of DoubleVerify stock traded down $0.05 during trading on Wednesday, hitting $17.25. The stock had a trading volume of 990,485 shares, compared to its average volume of 2,348,185. DoubleVerify has a 12 month low of $16.11 and a 12 month high of $43.00. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 48.71, a P/E/G ratio of 2.21 and a beta of 0.90. The business's 50-day moving average is $17.73 and its 200 day moving average is $20.03.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $17.28, for a total transaction of $30,481.92. Following the completion of the transaction, the chief financial officer now owns 81,598 shares of the company's stock, valued at $1,410,013.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 8,820 shares of company stock worth $153,591 in the last three months. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on DV shares. BMO Capital Markets lowered their price target on DoubleVerify from $38.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Macquarie lowered their target price on shares of DoubleVerify from $25.00 to $19.00 and set an "outperform" rating on the stock in a research note on Friday, October 11th. The Goldman Sachs Group cut their price target on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Piper Sandler lowered their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of DoubleVerify in a research report on Monday. They issued an "underweight" rating and a $14.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.47.

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.