Annis Gardner Whiting Capital Advisors LLC Purchases 1,260 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Annis Gardner Whiting Capital Advisors LLC boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,610 shares of the company’s stock after acquiring an additional 1,260 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in DoubleVerify were worth $390,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DV. Shaker Investments LLC OH boosted its stake in shares of DoubleVerify by 0.4% during the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock valued at $2,793,000 after purchasing an additional 280 shares in the last quarter. Huntington National Bank boosted its stake 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 acquiring an additional 439 shares in the last quarter. Signaturefd LLC boosted its stake in DoubleVerify by 84.7% during the fourth 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. Arizona State Retirement System boosted its stake in DoubleVerify by 1.8% during the third quarter. Arizona State Retirement System now owns 30,776 shares of the company’s stock worth $860,000 after acquiring an additional 554 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after acquiring an additional 587 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Insiders Place Their Bets

In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total value of $27,900.00. Following the completion of the transaction, the insider now directly owns 145,944 shares in the company, valued at $4,524,264. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total value of $27,900.00. Following the completion of the transaction, the insider now directly owns 145,944 shares in the company, valued at $4,524,264. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew E. Grimmig sold 50,924 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the transaction, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Insiders sold a total of 92,431 shares of company stock worth $3,070,904 over the last three months. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Trading Down 0.5 %

DV stock traded down $0.10 during midday trading on Thursday, reaching $18.84. 503,250 shares of the company’s stock traded hands, compared to its average volume of 2,284,225. DoubleVerify Holdings, Inc. has a 52-week low of $17.74 and a 52-week high of $43.00. The stock has a market cap of $3.24 billion, a P/E ratio of 49.88, a PEG ratio of 2.72 and a beta of 1.11. The stock’s 50-day moving average is $29.17 and its 200 day moving average is $33.64.

DoubleVerify (NYSE:DV) last announced its earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The business had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $138.25 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts expect that DoubleVerify Holdings, Inc. will post 0.33 EPS for the current fiscal year.

DoubleVerify declared that its board has approved a stock buyback plan on Thursday, May 16th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Needham & Company LLC dropped their price objective on shares of DoubleVerify from $45.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. BMO Capital Markets decreased their target price on shares of DoubleVerify from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Macquarie raised shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Monday, March 11th. Truist Financial decreased their target price on shares of DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Finally, Bank of America cut shares of DoubleVerify from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $45.00 to $18.00 in a report on Thursday, May 9th. One 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.05.

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.