Treasurer of the State of North Carolina Raises Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Treasurer of the State of North Carolina raised its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Get Rating) by 17.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,832 shares of the company’s stock after buying an additional 4,700 shares during the quarter. Treasurer of the State of North Carolina’s holdings in DoubleVerify were worth $699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss National Bank grew its position in DoubleVerify by 2.2% during the fourth quarter. Swiss National Bank now owns 99,000 shares of the company’s stock worth $2,174,000 after buying an additional 2,100 shares in the last quarter. Arizona State Retirement System increased its position in shares of DoubleVerify by 4.2% in the fourth quarter. Arizona State Retirement System now owns 11,571 shares of the company’s stock worth $254,000 after purchasing an additional 463 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in DoubleVerify by 26.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,753 shares of the company’s stock valued at $324,000 after purchasing an additional 3,110 shares in the last quarter. LPL Financial LLC bought a new stake in DoubleVerify during the fourth quarter valued at approximately $277,000. Finally, Envestnet Asset Management Inc. grew its stake in DoubleVerify by 3.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 114,013 shares of the company’s stock worth $2,504,000 after buying an additional 3,974 shares in the last quarter. 90.21% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $30.18 on Monday. DoubleVerify Holdings, Inc. has a 1 year low of $20.28 and a 1 year high of $32.43. The company has a market cap of $5.02 billion, a PE ratio of 104.07 and a beta of 0.82. The stock’s 50-day moving average is $28.76 and its 200 day moving average is $26.48.

DoubleVerify (NYSE:DV – Get Rating) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $122.59 million for the quarter, compared to the consensus estimate of $117.93 million. DoubleVerify had a return on equity of 5.91% and a net margin of 10.64%. During the same quarter in the previous year, the business earned $0.03 EPS. Analysts expect that DoubleVerify Holdings, Inc. will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

DV has been the subject of a number of research analyst reports. TheStreet downgraded shares of DoubleVerify from a “c-” rating to a “d” rating in a report on Wednesday, May 10th. The Goldman Sachs Group upped their price objective on DoubleVerify from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 2nd. Loop Capital raised their price objective on DoubleVerify from $32.00 to $35.00 in a report on Thursday, March 2nd. Royal Bank of Canada upped their target price on DoubleVerify from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of DoubleVerify from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, March 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus price target of $34.45.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,607 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $26.16, for a total transaction of $42,039.12. Following the transaction, the chief financial officer now owns 56,883 shares in the company, valued at approximately $1,488,059.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Nicola T. Allais sold 1,607 shares of the company’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $26.16, for a total value of $42,039.12. Following the sale, the chief financial officer now directly owns 56,883 shares of the company’s stock, valued at approximately $1,488,059.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura Desmond sold 11,003 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $27.08, for a total transaction of $297,961.24. Following the completion of the sale, the director now directly owns 179,071 shares in the company, valued at $4,849,242.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,755,461 shares of company stock valued at $762,241,332. 3.27% of the stock is currently owned by company insiders.

DoubleVerify Profile

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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.