DoubleVerify Holdings, Inc. (NYSE:DV) Stock Holdings Lifted by Jennison Associates LLC

Jennison Associates LLC boosted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 426.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,040,759 shares of the company’s stock after purchasing an additional 843,045 shares during the period. Jennison Associates LLC owned about 0.61% of DoubleVerify worth $38,279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in DoubleVerify by 15.1% during the third 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 in the last quarter. Bank of New York Mellon Corp grew its position in DoubleVerify by 39.4% during the third 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 in the last quarter. Wellington Management Group LLP grew its position in DoubleVerify by 19.2% during the third quarter. Wellington Management Group LLP now owns 2,734,735 shares of the company’s stock valued at $76,436,000 after purchasing an additional 441,278 shares in the last quarter. Invesco Ltd. grew its position in DoubleVerify by 18.1% in the third quarter. Invesco Ltd. now owns 2,651,003 shares of the company’s stock worth $74,096,000 after acquiring an additional 406,444 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in DoubleVerify by 34.7% in the third quarter. Van Berkom & Associates Inc. now owns 2,643,235 shares of the company’s stock worth $73,878,000 after acquiring an additional 681,396 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Price Performance

NYSE:DV opened at $30.79 on Thursday. The stock has a market cap of $5.29 billion, a P/E ratio of 75.10, a PEG ratio of 3.26 and a beta of 1.04. DoubleVerify Holdings, Inc. has a one year low of $26.23 and a one year high of $43.00. The company has a fifty day moving average price of $34.16 and a 200 day moving average price of $34.18.

DoubleVerify (NYSE:DV) last released its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $172.23 million during the quarter, compared to analysts’ expectations of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. As a group, equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insider Activity

In other news, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,395,384. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,395,384. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Nicola T. Allais sold 5,292 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.45, for a total transaction of $177,017.40. Following the completion of the transaction, the chief financial officer now owns 73,030 shares of the company’s stock, valued at approximately $2,442,853.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,239 shares of company stock worth $2,879,693. 3.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DV has been the subject of several recent research reports. KeyCorp boosted their target price on shares of DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Royal Bank of Canada boosted their target price on shares of DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Wells Fargo & Company decreased their target price on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Truist Financial decreased their target price on shares of DoubleVerify from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of DoubleVerify in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.50.

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.