Vanguard Personalized Indexing Management LLC Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Vanguard Personalized Indexing Management LLC lifted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 15.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,453 shares of the company’s stock after buying an additional 1,684 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in DoubleVerify were worth $242,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. bought a new stake in shares of DoubleVerify during the first quarter valued at approximately $28,000. RiverPark Advisors LLC purchased a new stake in DoubleVerify in the 1st quarter worth $54,000. CWM LLC boosted its holdings in shares of DoubleVerify by 212.5% during the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after purchasing an additional 1,900 shares during the last quarter. Park Place Capital Corp grew its position in shares of DoubleVerify by 153.5% during the first quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock valued at $141,000 after purchasing an additional 2,435 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,742 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DV. Macquarie restated an “outperform” rating and set a $25.00 price target on shares of DoubleVerify in a report on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price objective on shares of DoubleVerify in a research report on Friday, June 14th. Barclays reduced their target price on shares of DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 price target on shares of DoubleVerify in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.18.

DoubleVerify Trading Down 0.6 %

Shares of DV opened at $17.16 on Monday. The firm has a market capitalization of $2.95 billion, a P/E ratio of 45.16, a P/E/G ratio of 2.32 and a beta of 0.92. DoubleVerify Holdings, Inc. has a 12-month low of $16.81 and a 12-month high of $43.00. The firm has a fifty day moving average price of $18.87 and a 200-day moving average price of $22.58.

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

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 on Tuesday, July 9th. The stock was sold at an average price of $20.02, for a total transaction of $35,315.28. Following the transaction, the chief financial officer now owns 77,314 shares in the company, valued at $1,547,826.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 5,292 shares of company stock valued at $104,835 in the last ninety days. Corporate 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.