DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Congress Asset Management Co. MA

Congress Asset Management Co. MA increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DVFree Report) by 47.9% during the 4th quarter, HoldingsChannel reports. The fund owned 439,924 shares of the company’s stock after acquiring an additional 142,566 shares during the quarter. Congress Asset Management Co. MA’s holdings in DoubleVerify were worth $16,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swiss National Bank lifted its position in DoubleVerify by 1.4% in the third quarter. Swiss National Bank now owns 237,600 shares of the company’s stock valued at $6,641,000 after buying an additional 3,300 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in DoubleVerify by 110.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,100,529 shares of the company’s stock valued at $30,760,000 after buying an additional 577,018 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in DoubleVerify by 11.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 36,069 shares of the company’s stock valued at $1,008,000 after buying an additional 3,780 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in DoubleVerify by 7.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 73,982 shares of the company’s stock valued at $2,068,000 after buying an additional 5,275 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in DoubleVerify by 27.8% in the third quarter. Mutual of America Capital Management LLC now owns 22,004 shares of the company’s stock valued at $615,000 after buying an additional 4,791 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DV. 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. Truist Financial cut their price target on shares of DoubleVerify from $39.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Bank of America lowered shares of DoubleVerify from a “buy” rating to an “underperform” rating and cut their price target for the stock from $45.00 to $18.00 in a research note on Thursday, May 9th. William Blair lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Piper Sandler cut their price target on shares of DoubleVerify from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.05.

Check Out Our Latest Stock Analysis on DoubleVerify

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $32.80, for a total value of $175,939.20. Following the completion of the sale, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Julie Eddleman sold 900 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.85, for a total value of $27,765.00. Following the completion of the sale, the insider now directly owns 139,802 shares of the company’s stock, valued at $4,312,891.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $32.80, for a total value of $175,939.20. Following the completion of the sale, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The disclosure for this sale can be found here. Insiders have sold 91,531 shares of company stock worth $3,043,634 over the last three months. Insiders own 3.00% of the company’s stock.

DoubleVerify Stock Up 2.2 %

DoubleVerify stock traded up $0.41 during mid-day trading on Friday, hitting $18.70. The company had a trading volume of 3,422,092 shares, compared to its average volume of 2,713,399. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 49.21, a PEG ratio of 2.70 and a beta of 0.92. DoubleVerify Holdings, Inc. has a 1 year low of $17.50 and a 1 year high of $43.00. The business has a fifty day moving average of $24.04 and a 200 day moving average of $32.16.

DoubleVerify (NYSE:DVGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.33 earnings per share for the current year.

DoubleVerify announced that its board has authorized a stock buyback plan on Thursday, May 16th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to purchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

DoubleVerify Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding DV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleVerify Holdings, Inc. (NYSE:DVFree Report).

Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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