Laurus Investment Counsel Inc. Sells 5,100 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Laurus Investment Counsel Inc. trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 470,485 shares of the company’s stock after selling 5,100 shares during the period. DoubleVerify accounts for 8.3% of Laurus Investment Counsel Inc.’s holdings, making the stock its 2nd biggest position. Laurus Investment Counsel Inc.’s holdings in DoubleVerify were worth $17,304,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of DoubleVerify by 2.2% during the 2nd quarter. BlackRock Inc. now owns 16,899,835 shares of the company’s stock valued at $657,742,000 after purchasing an additional 362,948 shares during the last quarter. Vanguard Group Inc. increased its position in shares of DoubleVerify by 15.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock valued at $377,138,000 after purchasing an additional 1,768,064 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of DoubleVerify by 17.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,103,585 shares of the company’s stock valued at $155,995,000 after purchasing an additional 1,045,501 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of DoubleVerify by 32.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,229,072 shares of the company’s stock valued at $118,543,000 after purchasing an additional 1,289,415 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of DoubleVerify by 39.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock valued at $107,076,000 after purchasing an additional 1,082,615 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada increased their price target on DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Morgan Stanley initiated coverage on DoubleVerify in a research note on Wednesday, December 13th. They set an “overweight” rating and a $40.00 price target for the company. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Monday, March 11th. Finally, KeyCorp increased their price target on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.50.

DoubleVerify Stock Down 0.7 %

NYSE:DV opened at $32.91 on Thursday. The business’s 50-day moving average price is $37.65 and its two-hundred day moving average price is $33.63. The stock has a market cap of $5.64 billion, a P/E ratio of 80.27, a PEG ratio of 3.49 and a beta of 1.01. DoubleVerify Holdings, Inc. has a twelve month low of $26.23 and a twelve month high of $43.00.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. On average, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Transactions at DoubleVerify

In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the sale, the insider now directly owns 137,668 shares in the company, valued at $4,171,340.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $33.51, for a total value of $1,706,463.24. Following the sale, the insider now directly owns 39,468 shares of the company’s stock, valued at $1,322,572.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the sale, the insider now directly owns 137,668 shares in the company, valued at $4,171,340.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,480 shares of company stock worth $2,086,690. 3.27% of the stock is currently owned by insiders.

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.