Envestnet Asset Management Inc. Has $18.59 Million Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Envestnet Asset Management Inc. lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.6% during the second quarter, HoldingsChannel reports. The firm owned 954,521 shares of the company’s stock after acquiring an additional 32,883 shares during the quarter. Envestnet Asset Management Inc.’s holdings in DoubleVerify were worth $18,585,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of DoubleVerify by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,704,229 shares of the company’s stock worth $62,687,000 after buying an additional 252,425 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of DoubleVerify during the fourth quarter worth about $370,000. Quadrant Capital Group LLC grew its holdings in shares of DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after buying an additional 587 shares in the last quarter. Norges Bank bought a new position in shares of DoubleVerify during the fourth quarter worth about $58,477,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of DoubleVerify by 15.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,019 shares of the company’s stock worth $589,000 after buying an additional 2,120 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DV. Macquarie reiterated an “outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a report on Wednesday, July 31st. Morgan Stanley raised their price target on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price target on shares of DoubleVerify in a research note on Friday, June 14th. Needham & Company LLC restated a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research note on Tuesday, September 17th. Finally, Truist Financial decreased their price target on DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.18.

DoubleVerify Trading Up 0.8 %

NYSE:DV opened at $17.33 on Tuesday. The stock has a market cap of $2.98 billion, a P/E ratio of 45.61, a PEG ratio of 2.40 and a beta of 0.92. The stock has a 50 day simple moving average of $19.09 and a 200 day simple moving average of $23.01. DoubleVerify Holdings, Inc. has a 1-year low of $16.88 and a 1-year high of $43.00.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. As a group, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current year.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $20.16, for a total transaction of $35,562.24. Following the completion of 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 SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 5,292 shares of company stock valued at $104,835. Insiders own 3.00% of the company’s stock.

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.