DoubleVerify (DV) Scheduled to Post Quarterly Earnings on Tuesday

DoubleVerify (NYSE:DV) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect DoubleVerify to post earnings of $0.06 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate 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 return on equity of 6.46% and a net margin of 11.25%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. On average, analysts expect DoubleVerify to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

DoubleVerify Price Performance

DoubleVerify stock opened at $20.52 on Monday. The firm has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $28.86. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 54.00, a P/E/G ratio of 3.16 and a beta of 0.93. DoubleVerify has a fifty-two week low of $17.50 and a fifty-two week high of $43.00.

DoubleVerify announced that its board has initiated a share buyback plan on Thursday, May 16th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DV. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price objective on shares of DoubleVerify in a research note on Friday, June 14th. William Blair lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, July 23rd. Bank of America cut shares of DoubleVerify from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $45.00 to $18.00 in a report on Thursday, May 9th. Finally, Capital One Financial lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.06.

Insider Buying and Selling

In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total transaction of $27,900.00. Following the sale, the insider now owns 145,944 shares of the company’s stock, valued at $4,524,264. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.16, for a total transaction of $35,562.24. Following the sale, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at approximately $1,558,650.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total transaction of $27,900.00. Following the transaction, the insider now directly owns 145,944 shares of the company’s stock, valued at approximately $4,524,264. The disclosure for this sale can be found here. Insiders sold a total of 4,428 shares of company stock worth $98,778 in the last three months. 3.00% of the stock is owned by corporate insiders.

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.