Treasurer of the State of North Carolina Buys 6,100 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Treasurer of the State of North Carolina increased its stake in DoubleVerify Holdings, Inc. (NYSE:DVFree Report) by 11.1% during the fourth quarter, Holdings Channel reports. The firm owned 60,982 shares of the company’s stock after acquiring an additional 6,100 shares during the period. Treasurer of the State of North Carolina’s holdings in DoubleVerify were worth $2,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in DoubleVerify by 15.1% in the third quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock valued at $377,138,000 after acquiring an additional 1,768,064 shares during the last quarter. Norges Bank acquired a new stake in DoubleVerify during the 4th quarter worth approximately $58,477,000. Riverbridge Partners LLC grew its holdings in DoubleVerify by 70.5% during the 4th quarter. Riverbridge Partners LLC now owns 2,319,975 shares of the company’s stock worth $85,329,000 after acquiring an additional 959,514 shares during the last quarter. Jennison Associates LLC raised its stake in shares of DoubleVerify by 426.4% during the fourth quarter. Jennison Associates LLC now owns 1,040,759 shares of the company’s stock valued at $38,279,000 after acquiring an additional 843,045 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of DoubleVerify by 270.0% during the fourth quarter. Federated Hermes Inc. now owns 1,110,071 shares of the company’s stock valued at $40,828,000 after acquiring an additional 810,071 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insider Buying and Selling

In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $33.05, for a total transaction of $29,745.00. Following the sale, the insider now directly owns 140,702 shares of the company’s stock, valued at $4,650,201.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $33.05, for a total transaction of $29,745.00. Following the sale, the insider now owns 140,702 shares of the company’s stock, valued at approximately $4,650,201.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total value of $175,939.20. Following the sale, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,395,384. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,531 shares of company stock valued at $3,043,634. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Capital One Financial lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. BMO Capital Markets decreased their price target on DoubleVerify from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. KeyCorp cut DoubleVerify from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 8th. Canaccord Genuity Group cut their price target on DoubleVerify from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Royal Bank of Canada cut their target price on shares of DoubleVerify from $49.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.05.

Read Our Latest Stock Analysis on DoubleVerify

DoubleVerify Stock Performance

Shares of DV stock opened at $18.82 on Friday. DoubleVerify Holdings, Inc. has a 52 week low of $17.50 and a 52 week high of $43.00. The firm’s 50-day simple moving average is $25.87 and its two-hundred day simple moving average is $32.71. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 49.51, a P/E/G ratio of 2.54 and a beta of 0.92.

DoubleVerify (NYSE:DVGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a return on equity of 6.46% and a net margin of 11.25%. DoubleVerify’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. Analysts forecast that DoubleVerify Holdings, Inc. will post 0.33 earnings per share for the current year.

DoubleVerify declared that its board has authorized a share buyback plan on Thursday, May 16th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 4.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

DoubleVerify Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleVerify Holdings, Inc. (NYSE:DVFree Report).

Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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