American Trust Purchases Shares of 12,825 DoubleVerify Holdings, Inc. (NYSE:DV)

American Trust purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DVGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,825 shares of the company’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peregrine Capital Management LLC raised its position in shares of DoubleVerify by 88.0% in the 1st quarter. Peregrine Capital Management LLC now owns 348,559 shares of the company’s stock valued at $8,773,000 after purchasing an additional 163,169 shares during the last quarter. TD Asset Management Inc. increased its holdings in DoubleVerify by 125.1% in the 4th quarter. TD Asset Management Inc. now owns 82,976 shares of the company’s stock worth $2,761,000 after buying an additional 46,110 shares during the period. Gladius Capital Management LP increased its holdings in DoubleVerify by 79.2% in the 1st quarter. Gladius Capital Management LP now owns 9,310 shares of the company’s stock worth $235,000 after buying an additional 4,114 shares during the period. Zevenbergen Capital Investments LLC increased its holdings in DoubleVerify by 94.8% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 1,244,800 shares of the company’s stock worth $31,331,000 after buying an additional 605,915 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in DoubleVerify by 14.7% in the 1st quarter. Treasurer of the State of North Carolina now owns 21,512 shares of the company’s stock worth $541,000 after buying an additional 2,763 shares during the period. 86.69% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Stock Performance

DoubleVerify stock opened at $27.34 on Monday. The company’s fifty day moving average price is $25.70 and its 200 day moving average price is $23.99. DoubleVerify Holdings, Inc. has a 1 year low of $17.22 and a 1 year high of $40.79. The stock has a market capitalization of $4.48 billion, a P/E ratio of 88.19 and a beta of 0.77.

DoubleVerify (NYSE:DVGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. DoubleVerify had a net margin of 12.93% and a return on equity of 6.45%. The firm had revenue of $109.81 million for the quarter, compared to analysts’ expectations of $101.85 million. Sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on DV. The Goldman Sachs Group began coverage on shares of DoubleVerify in a report on Friday, July 15th. They issued a “buy” rating and a $30.00 price target on the stock. Capital One Financial began coverage on shares of DoubleVerify in a report on Wednesday, August 3rd. They issued an “overweight” rating and a $30.00 price target on the stock. Barclays increased their price target on shares of DoubleVerify from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, August 4th. TheStreet raised shares of DoubleVerify from a “d+” rating to a “c-” rating in a research note on Wednesday, September 7th. Finally, Royal Bank of Canada raised their price objective on shares of DoubleVerify from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and an average price target of $33.62.

Insider Activity at DoubleVerify

In other DoubleVerify news, major shareholder Vii U.S. Holdings L. Providence sold 3,258,693 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $25.75, for a total value of $83,911,344.75. Following the transaction, the insider now owns 77,867,524 shares in the company, valued at approximately $2,005,088,743. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other DoubleVerify news, major shareholder Vii U.S. Holdings L. Providence sold 3,258,693 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $25.75, for a total value of $83,911,344.75. Following the transaction, the insider now owns 77,867,524 shares in the company, valued at approximately $2,005,088,743. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nicola T. Allais sold 4,821 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $28.11, for a total value of $135,518.31. Following the completion of the transaction, the chief financial officer now owns 50,275 shares in the company, valued at approximately $1,413,230.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,886,306 shares of company stock valued at $177,441,142. 3.22% of the stock is owned by company insiders.

DoubleVerify Company Profile

(Get Rating)

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.

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Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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