New York State Teachers Retirement System Acquires 3,948 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

New York State Teachers Retirement System increased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,186 shares of the company’s stock after purchasing an additional 3,948 shares during the period. New York State Teachers Retirement System’s holdings in DoubleVerify were worth $3,538,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Assetmark Inc. grew its stake in shares of DoubleVerify by 15.1% in the third quarter. Assetmark Inc. now owns 3,279 shares of the company’s stock worth $92,000 after purchasing an additional 430 shares during the last quarter. 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 purchasing an additional 439 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in DoubleVerify by 13.0% in the fourth quarter. MetLife Investment Management LLC now owns 4,052 shares of the company’s stock valued at $89,000 after buying an additional 467 shares during the period. JPMorgan Chase & Co. lifted its holdings in DoubleVerify by 1.3% in the fourth quarter. JPMorgan Chase & Co. now owns 37,185 shares of the company’s stock valued at $817,000 after buying an additional 490 shares during the period. Finally, Arizona State Retirement System lifted its holdings in DoubleVerify by 1.8% in the third quarter. Arizona State Retirement System now owns 30,776 shares of the company’s stock valued at $860,000 after buying an additional 554 shares during the period. Institutional investors own 97.29% of the company’s stock.

Insider Transactions at DoubleVerify

In other DoubleVerify news, insider Andrew E. Grimmig sold 16,667 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $33.80, for a total value of $563,344.60. Following the completion of the sale, the insider now directly owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the company’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 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. Also, insider Andrew E. Grimmig sold 16,667 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $33.80, for a total transaction of $563,344.60. Following the completion of the sale, the insider now directly owns 39,468 shares of the company’s stock, valued at $1,334,018.40. The disclosure for this sale can be found here. Insiders sold a total of 80,047 shares of company stock valued at $2,679,779 over the last three months. Corporate insiders own 3.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DV shares. TheStreet upgraded shares of DoubleVerify from a “d+” rating to a “c-” rating in a report on Thursday, February 29th. Barclays dropped their target price on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. KeyCorp boosted their target price on shares of DoubleVerify from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Macquarie upgraded shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, March 11th. Finally, Wells Fargo & Company dropped their target price on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

DoubleVerify Price Performance

NYSE:DV opened at $32.36 on Monday. The firm has a 50-day moving average of $35.97 and a 200-day moving average of $34.09. The company has a market cap of $5.56 billion, a PE ratio of 78.93, a PEG ratio of 3.41 and a beta of 1.04. DoubleVerify Holdings, Inc. has a one year low of $26.23 and a one year high of $43.00.

DoubleVerify (NYSE:DV) last posted 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. The company 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%. On average, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.