DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Redwood Investments LLC

Redwood Investments LLC decreased its position in DoubleVerify Holdings, Inc. (NYSE:DVFree Report) by 63.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,700 shares of the company’s stock after selling 220,687 shares during the quarter. DoubleVerify accounts for approximately 1.2% of Redwood Investments LLC’s holdings, making the stock its 21st largest position. Redwood Investments LLC owned 0.07% of DoubleVerify worth $4,623,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its position in DoubleVerify by 53.9% during the 1st quarter. BlackRock Inc. now owns 16,536,887 shares of the company’s stock valued at $498,587,000 after purchasing an additional 5,794,567 shares during the period. Vanguard Group Inc. boosted its position in 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 during the period. 1832 Asset Management L.P. boosted its position in DoubleVerify by 95.0% during the 1st quarter. 1832 Asset Management L.P. now owns 3,524,100 shares of the company’s stock valued at $106,252,000 after purchasing an additional 1,717,000 shares during the period. Macquarie Group Ltd. raised its stake in DoubleVerify by 116.8% during the 1st quarter. Macquarie Group Ltd. now owns 3,130,950 shares of the company’s stock valued at $94,398,000 after acquiring an additional 1,686,718 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in DoubleVerify by 32.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,229,072 shares of the company’s stock valued at $118,543,000 after acquiring an additional 1,289,415 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insiders Place Their Bets

In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the transaction, the insider now owns 39,468 shares in the company, valued at approximately $1,322,572.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other DoubleVerify news, CFO Nicola T. Allais sold 5,292 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.45, for a total transaction of $177,017.40. Following the transaction, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,442,853.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction on Monday, March 18th. The shares were sold at an average price of $33.51, for a total value of $1,706,463.24. Following the completion of the transaction, the insider now owns 39,468 shares in the company, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Insiders have sold a total of 62,480 shares of company stock worth $2,086,690 in the last 90 days. Company insiders own 3.27% of the company’s stock.

DoubleVerify Trading Up 6.8 %

NYSE:DV opened at $35.16 on Monday. The stock has a market cap of $6.02 billion, a P/E ratio of 85.76, a PEG ratio of 3.70 and a beta of 1.01. The stock has a 50 day simple moving average of $37.47 and a 200 day simple moving average of $33.73. DoubleVerify Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $43.00.

DoubleVerify (NYSE:DVGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $172.23 million during the quarter, compared to analysts’ expectations of $171.85 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. As a group, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

DV has been the topic of several recent analyst reports. KeyCorp lifted their target price on DoubleVerify from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Wells Fargo & Company cut their target price on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. JMP Securities cut their target price on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 29th. Royal Bank of Canada boosted their price objective on DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price objective (down previously from $44.00) on shares of DoubleVerify in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Read Our Latest Stock Analysis on DoubleVerify

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

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Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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