1,600 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, HoldingsChannel reports. The firm bought 1,600 shares of the company’s stock, valued at approximately $59,000.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in DoubleVerify by 40.2% during the third quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company’s stock worth $5,388,000 after buying an additional 55,322 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in DoubleVerify by 135.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,160 shares of the company’s stock valued at $1,625,000 after purchasing an additional 33,499 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in DoubleVerify during the fourth quarter valued at approximately $1,590,000. Vanguard Group Inc. boosted its holdings in DoubleVerify by 15.1% during the third 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. Finally, Charles Schwab Investment Management Inc. boosted its holdings in DoubleVerify by 110.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,100,529 shares of the company’s stock valued at $30,760,000 after purchasing an additional 577,018 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DV shares. Barclays decreased their price objective on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of DoubleVerify in a report on Thursday, March 28th. KeyCorp lifted their price objective on DoubleVerify from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, February 26th. JMP Securities decreased their price objective on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating on the stock in a report on Thursday, February 29th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Insider Buying and Selling

In related news, insider Andrew E. Grimmig sold 50,924 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other DoubleVerify 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 completion of the sale, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,395,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew E. Grimmig sold 50,924 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Insiders sold 86,239 shares of company stock worth $2,879,693 in the last quarter. Insiders own 3.27% of the company’s stock.

DoubleVerify Price Performance

DV stock opened at $29.43 on Monday. The company has a 50 day moving average price of $34.80 and a 200 day moving average price of $34.17. DoubleVerify Holdings, Inc. has a fifty-two week low of $26.23 and a fifty-two week high of $43.00. The stock has a market capitalization of $5.05 billion, a PE ratio of 71.78, a price-to-earnings-growth ratio of 3.14 and a beta of 1.04.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data 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. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The firm had revenue of $172.23 million during the quarter, compared to analysts’ expectations of $171.85 million. As a group, equities 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.