Maryland State Retirement & Pension System Has $2.22 Million Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Maryland State Retirement & Pension System lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,337 shares of the company’s stock after purchasing an additional 5,207 shares during the quarter. Maryland State Retirement & Pension System’s holdings in DoubleVerify were worth $2,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DV. GAMMA Investing LLC bought a new stake in shares of DoubleVerify in the fourth quarter valued at about $42,000. Signaturefd LLC grew its stake in shares of DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after acquiring an additional 498 shares in the last quarter. Guinness Atkinson Asset Management Inc acquired a new stake in shares of DoubleVerify in the third quarter valued at approximately $34,000. Huntington National Bank boosted its holdings in DoubleVerify by 41.6% during the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares during the last quarter. Finally, Park Place Capital Corp grew its position in DoubleVerify by 146.7% in the fourth quarter. Park Place Capital Corp now owns 1,586 shares of the company’s stock valued at $58,000 after purchasing an additional 943 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DV shares. Bank of America decreased their price objective on DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 29th. JPMorgan Chase & Co. lowered their price target on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. KeyCorp cut DoubleVerify from an “overweight” rating to a “sector weight” rating in a research report on Wednesday. Macquarie raised DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, March 11th. Finally, Wells Fargo & Company cut their price target on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $39.28.

Insider Buying and Selling

In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now owns 137,668 shares in the company, valued at approximately $4,171,340.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the transaction, the insider now owns 137,668 shares in the company, valued at approximately $4,171,340.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicola T. Allais sold 5,364 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.80, for a total transaction of $175,939.20. Following the completion of the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,395,384. The disclosure for this sale can be found here. Insiders sold a total of 91,531 shares of company stock valued at $3,043,004 in the last three months. Insiders own 3.00% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE DV traded down $11.98 during mid-day trading on Wednesday, hitting $18.59. 5,574,127 shares of the stock traded hands, compared to its average volume of 1,864,801. DoubleVerify Holdings, Inc. has a twelve month low of $17.74 and a twelve month high of $43.00. The firm has a 50 day simple moving average of $32.06 and a two-hundred day simple moving average of $34.35. The company has a market cap of $3.19 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The company had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.