Checchi Capital Advisers LLC Has $1.66 Million Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Checchi Capital Advisers LLC lessened its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,740 shares of the company’s stock after selling 42,740 shares during the quarter. Checchi Capital Advisers LLC’s holdings in DoubleVerify were worth $1,663,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in DoubleVerify by 14.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,387 shares of the company’s stock valued at $93,000 after purchasing an additional 304 shares during the last quarter. Arizona State Retirement System lifted its holdings in DoubleVerify by 3.2% during the 1st quarter. Arizona State Retirement System now owns 11,943 shares of the company’s stock valued at $360,000 after purchasing an additional 372 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in DoubleVerify by 13.0% during the 4th quarter. MetLife Investment Management LLC now owns 4,052 shares of the company’s stock valued at $89,000 after purchasing an additional 467 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in DoubleVerify by 1.3% during the 4th quarter. JPMorgan Chase & Co. now owns 37,185 shares of the company’s stock valued at $817,000 after purchasing an additional 490 shares during the last quarter. Finally, Barclays PLC lifted its holdings in DoubleVerify by 14.0% during the 1st quarter. Barclays PLC now owns 4,564 shares of the company’s stock valued at $138,000 after purchasing an additional 562 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Down 0.3 %

DoubleVerify stock opened at $31.40 on Thursday. DoubleVerify Holdings, Inc. has a 12-month low of $20.38 and a 12-month high of $42.51. The business’s 50-day moving average price is $28.56 and its two-hundred day moving average price is $32.58. The stock has a market cap of $5.34 billion, a PE ratio of 98.41 and a beta of 1.03.

DoubleVerify (NYSE:DV) last released its earnings results on Thursday, November 9th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). DoubleVerify had a net margin of 10.57% and a return on equity of 6.06%. The business had revenue of $144.00 million during the quarter, compared to the consensus estimate of $139.05 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue was up 28.3% on a year-over-year basis. As a group, analysts expect that DoubleVerify Holdings, Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JMP Securities cut their price target on DoubleVerify from $40.00 to $39.00 and set a “market outperform” rating for the company in a report on Friday, November 10th. Robert W. Baird initiated coverage on DoubleVerify in a report on Friday, August 18th. They set an “outperform” rating and a $38.00 target price for the company. KeyCorp dropped their target price on DoubleVerify from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, September 11th. Barclays dropped their target price on DoubleVerify from $45.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. Finally, Stifel Nicolaus lifted their target price on DoubleVerify from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.88.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 9,231 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $33.29, for a total transaction of $307,299.99. Following the sale, the chief financial officer now directly owns 59,674 shares in the company, valued at $1,986,547.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Nicola T. Allais sold 9,231 shares of DoubleVerify stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.29, for a total value of $307,299.99. Following the transaction, the chief financial officer now directly owns 59,674 shares of the company’s stock, valued at $1,986,547.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zagorski acquired 1,765 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was bought at an average cost of $28.36 per share, for a total transaction of $50,055.40. Following the completion of the purchase, the chief executive officer now owns 357,112 shares of the company’s stock, valued at $10,127,696.32. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 98,013 shares of company stock worth $2,883,264. Insiders own 3.27% of the company’s stock.

About DoubleVerify

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