Arizona State Retirement System Buys 4,399 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Arizona State Retirement System lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,175 shares of the company’s stock after acquiring an additional 4,399 shares during the quarter. Arizona State Retirement System’s holdings in DoubleVerify were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DV. Guinness Atkinson Asset Management Inc bought a new stake in shares of DoubleVerify in the third quarter worth approximately $34,000. Huntington National Bank grew its stake in shares of DoubleVerify by 41.6% in the third 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 bought a new stake in shares of DoubleVerify in the second quarter worth approximately $42,000. Advisors Asset Management Inc. grew its stake in shares of DoubleVerify by 67.6% in the third quarter. Advisors Asset Management Inc. now owns 1,567 shares of the company’s stock worth $44,000 after acquiring an additional 632 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of DoubleVerify by 106.1% in the first quarter. First Horizon Advisors Inc. now owns 1,698 shares of the company’s stock worth $51,000 after acquiring an additional 874 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Performance

DV stock opened at $32.36 on Monday. DoubleVerify Holdings, Inc. has a one year low of $26.23 and a one year high of $43.00. The company’s fifty day moving average price is $35.97 and its 200-day moving average price is $34.09. The company has a market capitalization of $5.56 billion, a PE ratio of 78.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.04.

DoubleVerify (NYSE:DV) last released its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The firm had revenue of $172.23 million for the quarter, compared to the consensus estimate of $171.85 million. On average, research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 5,364 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.80, for a total transaction of $175,939.20. Following the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,395,384. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Nicola T. Allais sold 5,364 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.80, for a total transaction of $175,939.20. Following the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,395,384. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew E. Grimmig sold 16,667 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $33.80, for a total transaction of $563,344.60. Following the sale, the insider now directly owns 39,468 shares in the company, valued at approximately $1,334,018.40. The disclosure for this sale can be found here. Insiders have sold a total of 80,047 shares of company stock valued at $2,679,779 over the last 90 days. 3.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DV has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of DoubleVerify in a research report on Thursday, March 28th. Robert W. Baird boosted their target price on shares of DoubleVerify from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. cut their target price on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. 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, Barclays cut their target price on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $42.50.

DoubleVerify Company Profile

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.