Xponance Inc. raised its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 52.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,828 shares of the company’s stock after purchasing an additional 5,455 shares during the quarter. Xponance Inc.’s holdings in DoubleVerify were worth $616,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in DV. Advisor Group Holdings Inc. increased its position in DoubleVerify by 54.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,242 shares of the company’s stock valued at $131,000 after purchasing an additional 1,838 shares during the period. JPMorgan Chase & Co. increased its position in DoubleVerify by 62.2% during the 1st quarter. JPMorgan Chase & Co. now owns 16,636 shares of the company’s stock valued at $419,000 after purchasing an additional 6,381 shares during the period. Bank of New York Mellon Corp increased its position in DoubleVerify by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 131,348 shares of the company’s stock valued at $3,308,000 after purchasing an additional 2,682 shares during the period. US Bancorp DE boosted its holdings in shares of DoubleVerify by 210.8% during the 1st quarter. US Bancorp DE now owns 12,064 shares of the company’s stock valued at $303,000 after buying an additional 8,182 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of DoubleVerify by 130.3% during the 1st quarter. Citigroup Inc. now owns 6,012 shares of the company’s stock valued at $151,000 after buying an additional 3,401 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on DV. The Goldman Sachs Group boosted their target price on shares of DoubleVerify from $35.00 to $40.00 in a report on Monday, July 17th. Macquarie assumed coverage on shares of DoubleVerify in a report on Wednesday. They set a “neutral” rating and a $30.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of DoubleVerify in a research note on Tuesday, June 27th. They issued an “overweight” rating and a $44.00 price target on the stock. Loop Capital upped their price target on shares of DoubleVerify from $35.00 to $50.00 in a research note on Thursday, July 27th. Finally, Truist Financial upped their price target on shares of DoubleVerify from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and a consensus target price of $41.69.
Insider Activity
In other news, major shareholder Vii U.S. Holdings L. Providence sold 12,419,952 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $32.50, for a total transaction of $403,648,440.00. Following the completion of the sale, the insider now owns 40,405,492 shares of the company’s stock, valued at approximately $1,313,178,490. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Vii U.S. Holdings L. Providence sold 12,419,952 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $32.50, for a total value of $403,648,440.00. Following the completion of the sale, the insider now directly owns 40,405,492 shares of the company’s stock, valued at approximately $1,313,178,490. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nicola T. Allais sold 9,231 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $38.22, for a total transaction of $352,808.82. Following the completion of the sale, the chief financial officer now directly owns 59,674 shares of the company’s stock, valued at $2,280,740.28. The disclosure for this sale can be found here. Insiders sold 25,188,273 shares of company stock valued at $818,962,545 in the last quarter. 3.27% of the stock is currently owned by insiders.
DoubleVerify Stock Performance
Shares of NYSE:DV opened at $27.95 on Friday. DoubleVerify Holdings, Inc. has a fifty-two week low of $20.38 and a fifty-two week high of $42.51. The business has a 50-day simple moving average of $32.57 and a two-hundred day simple moving average of $32.78. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 93.17 and a beta of 0.94.
DoubleVerify (NYSE:DV – Get Free Report) last released its quarterly earnings results on Monday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. DoubleVerify had a net margin of 10.64% and a return on equity of 6.01%. The firm had revenue of $133.74 million during the quarter, compared to analyst estimates of $133.39 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, research analysts predict that DoubleVerify Holdings, Inc. will post 0.35 earnings per share for the current year.
DoubleVerify Company Profile
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.
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