Everence Capital Management Inc. Acquires 2,770 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Everence Capital Management Inc. increased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 17.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,610 shares of the company’s stock after acquiring an additional 2,770 shares during the quarter. Everence Capital Management Inc.’s holdings in DoubleVerify were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DV. Vanguard Group Inc. increased its stake in shares of DoubleVerify by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after acquiring an additional 2,017,687 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of DoubleVerify by 15.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,019 shares of the company’s stock worth $589,000 after acquiring an additional 2,120 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of DoubleVerify by 27.9% in the 1st quarter. Park Avenue Securities LLC now owns 39,024 shares of the company’s stock worth $1,372,000 after acquiring an additional 8,509 shares in the last quarter. Richelieu Gestion SA bought a new position in shares of DoubleVerify in the 1st quarter worth about $154,000. Finally, Hodges Capital Management Inc. bought a new position in shares of DoubleVerify in the 1st quarter worth about $16,625,000. 97.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DV has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of DoubleVerify in a research report on Tuesday, September 17th. Truist Financial cut their price objective on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Stifel Nicolaus cut their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. The Goldman Sachs Group cut their price objective on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Morgan Stanley increased their price objective on shares of DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.24.

DoubleVerify Stock Up 0.5 %

Shares of NYSE:DV opened at $17.44 on Tuesday. The firm’s 50 day moving average price is $17.96 and its 200-day moving average price is $20.71. DoubleVerify Holdings, Inc. has a twelve month low of $16.38 and a twelve month high of $43.00. The stock has a market capitalization of $3.00 billion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The firm had revenue of $155.89 million for the quarter, compared to analysts’ expectations of $153.78 million. During the same quarter in the prior year, the business earned $0.07 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $17.21, for a total transaction of $30,358.44. Following the sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,404,301.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 7,056 shares of company stock worth $124,644. Company 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.