Federated Hermes Inc. Has $40.83 Million Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Federated Hermes Inc. raised its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 270.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,110,071 shares of the company’s stock after acquiring an additional 810,071 shares during the quarter. Federated Hermes Inc. owned approximately 0.65% of DoubleVerify worth $40,828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Guinness Atkinson Asset Management Inc bought a new position in DoubleVerify during the third quarter worth about $34,000. Huntington National Bank boosted its stake in shares of DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after acquiring an additional 439 shares during the period. Castleview Partners LLC acquired a new position in shares of DoubleVerify during the 2nd quarter worth approximately $42,000. Advisors Asset Management Inc. raised its stake in DoubleVerify by 67.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,567 shares of the company’s stock valued at $44,000 after acquiring an additional 632 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in DoubleVerify by 106.1% during the 1st quarter. First Horizon Advisors Inc. now owns 1,698 shares of the company’s stock valued at $51,000 after purchasing an additional 874 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $29.43 on Friday. The company’s 50 day simple moving average is $34.80 and its 200 day simple moving average is $34.08. DoubleVerify Holdings, Inc. has a 1 year low of $26.23 and a 1 year high of $43.00. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 71.78, a price-to-earnings-growth ratio of 3.22 and a beta of 1.04.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The company had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. As a group, analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the sale, the insider now directly owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $32.53, for a total transaction of $172,148.76. Following the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,375,665.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the transaction, the insider now directly owns 137,668 shares of the company’s stock, valued at approximately $4,171,340.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,239 shares of company stock valued at $2,879,693. 3.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DV has been the topic of several research analyst reports. Bank of America dropped their price objective on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 target price (down previously from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of DoubleVerify in a report on Thursday, March 28th. TheStreet upgraded DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th. Finally, Robert W. Baird increased their price objective on DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

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.