Assenagon Asset Management S.A. Boosts Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Assenagon Asset Management S.A. grew its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,123,545 shares of the company’s stock after purchasing an additional 360,445 shares during the period. Assenagon Asset Management S.A. owned approximately 2.40% of DoubleVerify worth $69,440,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. bought a new position in DoubleVerify in the 1st quarter worth about $28,000. RiverPark Advisors LLC bought a new position in shares of DoubleVerify in the first quarter valued at approximately $54,000. CWM LLC grew its stake in DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after acquiring an additional 1,900 shares in the last quarter. Park Place Capital Corp increased its holdings in DoubleVerify by 153.5% during the 1st quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock worth $141,000 after acquiring an additional 2,435 shares during the period. Finally, Fifth Third Bancorp lifted its stake in DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,742 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 3.5 %

Shares of NYSE:DV opened at $16.81 on Friday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00. The stock’s 50-day moving average price is $17.88 and its 200-day moving average price is $20.56.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The firm had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. As a group, research analysts predict that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays lowered their price target on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. JMP Securities dropped their price target on DoubleVerify from $34.00 to $33.00 and set a “market outperform” rating for the company in a research report on Wednesday. Macquarie decreased their price objective on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Morgan Stanley lifted their target price on shares of DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.65.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $17.28, for a total value of $30,481.92. Following the transaction, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,410,013.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 8,820 shares of company stock valued at $153,591 in the last quarter. Company insiders own 3.00% of the company’s stock.

About DoubleVerify

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.