Strs Ohio Increases Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Strs Ohio lifted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,214 shares of the company’s stock after acquiring an additional 3,513 shares during the period. Strs Ohio’s holdings in DoubleVerify were worth $1,074,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DV. Vanguard Group Inc. increased 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 worth $377,138,000 after purchasing an additional 1,768,064 shares in the last quarter. Bank of New York Mellon Corp increased its position in DoubleVerify by 39.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock worth $107,076,000 after purchasing an additional 1,082,615 shares in the last quarter. Riverbridge Partners LLC increased its position in DoubleVerify by 70.5% during the 4th quarter. Riverbridge Partners LLC now owns 2,319,975 shares of the company’s stock worth $85,329,000 after purchasing an additional 959,514 shares in the last quarter. Peregrine Capital Management LLC increased its position in DoubleVerify by 287.2% during the 4th quarter. Peregrine Capital Management LLC now owns 1,071,244 shares of the company’s stock worth $39,400,000 after purchasing an additional 794,595 shares in the last quarter. Finally, American Century Companies Inc. increased its position in DoubleVerify by 198.0% during the 3rd quarter. American Century Companies Inc. now owns 1,057,013 shares of the company’s stock worth $29,544,000 after purchasing an additional 702,359 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 2.9 %

DoubleVerify stock opened at $30.50 on Wednesday. The stock has a 50 day moving average of $34.37 and a 200-day moving average of $34.20. DoubleVerify Holdings, Inc. has a 52 week low of $26.23 and a 52 week high of $43.00. The stock has a market cap of $5.24 billion, a P/E ratio of 74.39, a price-to-earnings-growth ratio of 3.14 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DV shares. Wells Fargo & Company dropped their target price on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Barclays lowered their price objective 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. Royal Bank of Canada increased their price objective on shares of DoubleVerify from $40.00 to $49.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Robert W. Baird increased their price objective 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. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $42.50.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 5,364 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the transaction, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,395,384. The sale was disclosed in a document filed 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 firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total value of $175,939.20. Following the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,395,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction on 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 owns 137,668 shares in the company, valued at $4,171,340.40. The disclosure for this sale can be found here. Insiders have sold 86,239 shares of company stock worth $2,879,693 over the last ninety days. 3.27% of the stock is owned by insiders.

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.