Swiss National Bank Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Swiss National Bank boosted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Get Rating) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,000 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Swiss National Bank owned 0.06% of DoubleVerify worth $2,174,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DV. IFP Advisors Inc purchased a new stake in DoubleVerify during the 3rd quarter valued at about $34,000. Lazard Asset Management LLC purchased a new stake in shares of DoubleVerify in the 3rd quarter valued at approximately $56,000. UBS Group AG purchased a new stake in shares of DoubleVerify in the 1st quarter valued at approximately $72,000. Allspring Global Investments Holdings LLC grew its stake in shares of DoubleVerify by 1,111.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,563 shares of the company’s stock valued at $78,000 after buying an additional 3,269 shares during the period. Finally, MetLife Investment Management LLC purchased a new stake in shares of DoubleVerify in the 1st quarter valued at approximately $95,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.

DoubleVerify Stock Up 1.7 %

DoubleVerify stock opened at $32.81 on Friday. The firm has a market cap of $5.46 billion, a PE ratio of 113.14 and a beta of 0.82. DoubleVerify Holdings, Inc. has a 52-week low of $20.28 and a 52-week high of $33.22. The company’s 50 day moving average is $29.33 and its two-hundred day moving average is $26.66.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DV shares. JPMorgan Chase & Co. increased their price target on shares of DoubleVerify from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, March 2nd. Royal Bank of Canada upped their price objective on shares of DoubleVerify from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, March 2nd. Truist Financial upped their price objective on shares of DoubleVerify from $37.00 to $38.00 in a report on Thursday, May 11th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of DoubleVerify in a report on Thursday, March 16th. Finally, Loop Capital upped their price objective on shares of DoubleVerify from $32.00 to $35.00 in a report on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.45.

Insider Activity

In other news, CFO Nicola T. Allais sold 1,607 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $1,488,059.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Nicola T. Allais sold 1,607 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $26.16, for a total value of $42,039.12. Following the transaction, 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 is available at this link. Also, Director Robert Davis Noell sold 14,375,000 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $26.50, for a total transaction of $380,937,500.00. Following the completion of the transaction, the director now directly owns 340,464 shares in the company, valued at $9,022,296. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,755,161 shares of company stock worth $762,233,253. 3.27% of the stock is currently owned by corporate 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.