DoubleVerify Holdings, Inc. (NYSE:DV) Shares Bought by Values First Advisors Inc.

Values First Advisors Inc. grew its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 17.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,806 shares of the company’s stock after buying an additional 2,035 shares during the period. Values First Advisors Inc.’s holdings in DoubleVerify were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Whittier Trust Co. purchased a new stake in DoubleVerify during the 1st quarter valued at about $28,000. RiverPark Advisors LLC purchased a new stake in shares of DoubleVerify in the first quarter valued at approximately $54,000. CWM LLC increased its holdings in shares of DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after purchasing an additional 1,900 shares during the last quarter. Park Place Capital Corp lifted its position in DoubleVerify by 153.5% during the first quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock worth $141,000 after buying an additional 2,435 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after buying an additional 1,742 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler cut their target price on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus reduced their target price on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Morgan Stanley boosted their target price on shares of DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group cut their price target on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Truist Financial decreased their price objective on DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.65.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 8,820 shares of company stock worth $153,591 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

DoubleVerify Trading Up 3.5 %

DV opened at $16.81 on Friday. The stock’s 50-day moving average price is $17.84 and its 200 day moving average price is $20.54. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $155.89 million for 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 quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

About DoubleVerify

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.