Townsend Asset Management Corp NC ADV Grows Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Townsend Asset Management Corp NC ADV increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 259.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,610 shares of the company’s stock after acquiring an additional 79,145 shares during the quarter. Townsend Asset Management Corp NC ADV owned approximately 0.06% of DoubleVerify worth $1,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of DoubleVerify by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock valued at $552,974,000 after acquiring an additional 216,370 shares during the period. Assenagon Asset Management S.A. purchased a new stake in DoubleVerify in the second quarter worth $73,268,000. Van Berkom & Associates Inc. increased its position in DoubleVerify by 25.9% in the second quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company’s stock worth $59,310,000 after buying an additional 626,586 shares during the last quarter. Burgundy Asset Management Ltd. bought a new stake in shares of DoubleVerify in the second quarter valued at $54,099,000. Finally, Geneva Capital Management LLC lifted its position in shares of DoubleVerify by 44.9% during the 1st quarter. Geneva Capital Management LLC now owns 2,746,886 shares of the company’s stock valued at $96,581,000 after buying an additional 851,346 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.5 %

NYSE DV opened at $17.44 on Tuesday. The stock’s 50-day simple moving average is $17.96 and its two-hundred day simple moving average is $20.71. DoubleVerify Holdings, Inc. has a twelve month low of $16.38 and a twelve month high of $43.00. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last released its earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. During the same quarter in the previous year, the company posted $0.07 EPS. DoubleVerify’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts expect that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $17.28, for a total transaction of $30,481.92. Following the transaction, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,410,013.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,056 shares of company stock valued at $124,644 over the last three months. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial lowered their price objective on DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Macquarie cut their price objective on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, October 11th. The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. Finally, Morgan Stanley increased their price objective on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.24.

DoubleVerify 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.