DoubleVerify Holdings, Inc. (NYSE:DV) Position Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,945 shares of the company’s stock after selling 3,977 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of DoubleVerify worth $2,277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TD Asset Management Inc raised its holdings in DoubleVerify by 9.1% during the 4th quarter. TD Asset Management Inc now owns 123,820 shares of the company’s stock worth $4,554,000 after buying an additional 10,342 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of DoubleVerify by 11.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 60,982 shares of the company’s stock valued at $2,243,000 after acquiring an additional 6,100 shares during the period. Capital International Investors lifted its position in shares of DoubleVerify by 94.9% in the 4th quarter. Capital International Investors now owns 821,463 shares of the company’s stock valued at $30,213,000 after acquiring an additional 400,000 shares in the last quarter. Capital World Investors boosted its stake in DoubleVerify by 6.0% in the 4th quarter. Capital World Investors now owns 5,283,932 shares of the company’s stock worth $194,343,000 after purchasing an additional 301,011 shares during the period. Finally, 1832 Asset Management L.P. purchased a new position in DoubleVerify during the 4th quarter worth approximately $5,668,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $17.28, for a total value of $30,481.92. Following the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at $1,410,013.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 7,056 shares of company stock worth $135,316 in the last quarter. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $16.76 on Wednesday. The business’s 50-day simple moving average is $18.73 and its 200-day simple moving average is $22.35. DoubleVerify Holdings, Inc. has a 52 week low of $16.52 and a 52 week high of $43.00. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 44.11, a P/E/G ratio of 2.32 and a beta of 0.92.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on DV shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of DoubleVerify in a research report on Friday, June 14th. Truist Financial decreased their price objective on DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of DoubleVerify in a report on Tuesday, September 17th. Morgan Stanley raised their price target on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 price objective on shares of DoubleVerify in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, DoubleVerify has an average rating of “Moderate Buy” and an average price target of $31.18.

DoubleVerify 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.