Values First Advisors Inc. Boosts Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Values First Advisors Inc. raised its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,806 shares of the company’s stock after acquiring an additional 2,035 shares during the quarter. Values First Advisors Inc.’s holdings in DoubleVerify were worth $232,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DV. United Services Automobile Association grew its stake in DoubleVerify by 7.4% in the second quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock valued at $210,000 after purchasing an additional 746 shares during the last quarter. Whittier Trust Co. purchased a new stake in DoubleVerify during the first quarter valued at approximately $28,000. Arizona State Retirement System boosted its stake in DoubleVerify by 2.3% in the second quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock valued at $793,000 after acquiring an additional 927 shares in the last quarter. Gagnon Securities LLC boosted its stake in DoubleVerify by 1.2% in the first quarter. Gagnon Securities LLC now owns 86,018 shares of the company’s stock valued at $3,024,000 after acquiring an additional 1,045 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in DoubleVerify by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock worth $663,000 after purchasing an additional 1,218 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 14th. Truist Financial decreased their price target on DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Morgan Stanley boosted their price target on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Piper Sandler dropped their target price on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of DoubleVerify in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.65.

DoubleVerify Trading Up 3.5 %

Shares of DV stock opened at $16.81 on Friday. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The stock has a 50 day moving average of $17.84 and a 200 day moving average of $20.54. The stock has a market cap of $2.89 billion, a P/E ratio of 44.24, a P/E/G ratio of 2.21 and a beta of 0.90.

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

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $16.41, for a total value of $28,947.24. Following the completion of the transaction, the chief financial officer now owns 81,598 shares in the company, valued at $1,339,023.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 8,820 shares of company stock valued at $153,591 in the last ninety days. 3.00% of the stock is currently owned by corporate 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.