DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 35.1% in the 4th quarter, Holdings Channel reports. The firm owned 26,963 shares of the company’s stock after purchasing an additional 7,008 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DoubleVerify were worth $992,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Strs Ohio raised its holdings in DoubleVerify by 13.7% in the 4th quarter. Strs Ohio now owns 29,214 shares of the company’s stock valued at $1,074,000 after acquiring an additional 3,513 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in DoubleVerify in the 4th quarter valued at about $2,564,000. Shaker Investments LLC OH raised its holdings in DoubleVerify by 0.4% in the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock valued at $2,793,000 after acquiring an additional 280 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in DoubleVerify by 10.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 24,397 shares of the company’s stock valued at $897,000 after acquiring an additional 2,393 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in DoubleVerify by 287.2% in the 4th quarter. Peregrine Capital Management LLC now owns 1,071,244 shares of the company’s stock valued at $39,400,000 after acquiring an additional 794,595 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DV. Wells Fargo & Company cut their price objective on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 1st. BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (down previously from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. TheStreet upgraded shares of DoubleVerify from a “d+” rating to a “c-” rating in a report on Thursday, February 29th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of DoubleVerify in a report on Thursday, March 28th. Finally, Bank of America lowered their price objective on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $30.23 on Monday. The company’s fifty day moving average price is $33.69 and its 200 day moving average price is $34.24. DoubleVerify Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $43.00. The firm has a market capitalization of $5.19 billion, a P/E ratio of 73.73, a P/E/G ratio of 3.23 and a beta of 1.04.

DoubleVerify (NYSE:DV) last announced its quarterly 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 analyst estimates of $171.85 million. On average, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling

In other DoubleVerify news, 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 transaction, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of DoubleVerify 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 transaction, the insider now directly owns 137,668 shares in the company, valued at $4,171,340.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $1,706,463.24. Following the completion of the transaction, the insider now owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. Insiders have sold 91,531 shares of company stock worth $3,043,004 in the last ninety days. 3.27% of the stock is owned by corporate insiders.

DoubleVerify 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.