New York State Common Retirement Fund Acquires 46,953 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

New York State Common Retirement Fund raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 674,748 shares of the company’s stock after acquiring an additional 46,953 shares during the quarter. New York State Common Retirement Fund’s holdings in DoubleVerify were worth $24,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of DoubleVerify by 15.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock valued at $377,138,000 after purchasing an additional 1,768,064 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of DoubleVerify by 39.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock valued at $107,076,000 after purchasing an additional 1,082,615 shares in the last quarter. Wellington Management Group LLP grew its position in shares of DoubleVerify by 19.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,734,735 shares of the company’s stock valued at $76,436,000 after purchasing an additional 441,278 shares in the last quarter. Invesco Ltd. grew its position in shares of DoubleVerify by 18.1% during the 3rd quarter. Invesco Ltd. now owns 2,651,003 shares of the company’s stock valued at $74,096,000 after purchasing an additional 406,444 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in shares of DoubleVerify by 34.7% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,643,235 shares of the company’s stock valued at $73,878,000 after purchasing an additional 681,396 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Stock Up 0.3 %

NYSE DV opened at $30.24 on Friday. The company has a 50-day simple moving average of $33.69 and a two-hundred day simple moving average of $34.16. DoubleVerify Holdings, Inc. has a 12-month low of $26.23 and a 12-month high of $43.00. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 73.76, a PEG ratio of 3.29 and a beta of 1.04.

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

Insider Activity

In other news, CFO Nicola T. Allais sold 5,364 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $32.80, for a total transaction of $175,939.20. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 137,668 shares in the company, valued at $4,171,340.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nicola T. Allais sold 5,364 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the completion of the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,395,384. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,531 shares of company stock valued at $3,043,004. Insiders own 3.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DV shares. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of DoubleVerify in a research report on Thursday, March 28th. Bank of America cut their target price on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Wells Fargo & Company cut their target price on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Truist Financial cut their target price on shares of DoubleVerify from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, KeyCorp upped their target price on shares of DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and an average target price 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.