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

Townsend Asset Management Corp NC ADV lifted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 259.8% in the third quarter, HoldingsChannel.com reports. The firm owned 109,610 shares of the company’s stock after purchasing an additional 79,145 shares during the period. Townsend Asset Management Corp NC ADV’s holdings in DoubleVerify were worth $1,846,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Everence Capital Management Inc. raised its position in DoubleVerify by 17.5% during the 3rd quarter. Everence Capital Management Inc. now owns 18,610 shares of the company’s stock valued at $313,000 after purchasing an additional 2,770 shares during the last quarter. Laurus Investment Counsel Inc. raised its holdings in shares of DoubleVerify by 31.4% during the third quarter. Laurus Investment Counsel Inc. now owns 618,285 shares of the company’s stock valued at $10,412,000 after acquiring an additional 147,800 shares in the last quarter. Trust Point Inc. lifted its stake in DoubleVerify by 10.2% in the third quarter. Trust Point Inc. now owns 35,911 shares of the company’s stock worth $605,000 after acquiring an additional 3,310 shares during the period. nVerses Capital LLC lifted its stake in DoubleVerify by 76.2% in the third quarter. nVerses Capital LLC now owns 14,800 shares of the company’s stock worth $249,000 after acquiring an additional 6,400 shares during the period. Finally, Washington Capital Management Inc. boosted its holdings in DoubleVerify by 32.1% in the third quarter. Washington Capital Management Inc. now owns 31,700 shares of the company’s stock valued at $534,000 after acquiring an additional 7,700 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DV. Barclays dropped their target price on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. The Goldman Sachs Group lowered their price objective 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. Macquarie reduced their target price on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Morgan Stanley raised their target price on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus reduced their price target on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.24.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $17.44 on Tuesday. The firm’s 50 day moving average price is $17.96 and its 200-day moving average price is $20.71. DoubleVerify Holdings, Inc. has a 52-week low of $16.38 and a 52-week high of $43.00. The company has a market cap of $3.00 billion, a PE ratio of 45.89, a P/E/G ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting 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 return on equity of 5.70% and a net margin of 9.97%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. On average, analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Activity at DoubleVerify

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

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.