Natixis Advisors LLC Trims Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Natixis Advisors LLC lowered its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 20.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,848 shares of the company’s stock after selling 25,456 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of DoubleVerify worth $1,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DV. Assenagon Asset Management S.A. bought a new position in DoubleVerify in the second quarter worth approximately $73,268,000. Congress Asset Management Co. MA grew its stake in DoubleVerify by 813.2% in the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after purchasing an additional 3,577,575 shares in the last quarter. Vanguard Group Inc. grew its stake in DoubleVerify by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after purchasing an additional 2,017,687 shares in the last quarter. Norges Bank bought a new position in DoubleVerify in the fourth quarter worth approximately $58,477,000. Finally, Jericho Capital Asset Management L.P. bought a new position in DoubleVerify in the first quarter worth approximately $53,584,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of DV stock opened at $18.01 on Tuesday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 47.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92. The business has a fifty day moving average of $19.61 and a 200 day moving average of $24.25. DoubleVerify Holdings, Inc. has a 1 year low of $17.50 and a 1 year high of $43.00.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $155.89 million during the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

DoubleVerify announced that its board has initiated a stock buyback program on Thursday, May 16th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was 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 in the company, valued at approximately $1,558,650.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 5,292 shares of company stock worth $104,835. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a research note on Wednesday, July 31st. Morgan Stanley increased their target price on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 target price on shares of DoubleVerify in a research report on Friday, June 14th. The Goldman Sachs Group increased their target price on DoubleVerify from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Macquarie reaffirmed an “outperform” rating and set a $25.00 target price on shares of DoubleVerify in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.53.

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.