Handelsbanken Fonder AB Buys 6,100 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Handelsbanken Fonder AB grew its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 46.2% in the fourth quarter, Holdings Channel reports. The fund owned 19,300 shares of the company’s stock after acquiring an additional 6,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in DoubleVerify were worth $710,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Guinness Atkinson Asset Management Inc bought a new position in DoubleVerify in the third quarter valued at about $34,000. Signaturefd LLC raised its holdings in DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after buying an additional 498 shares during the last quarter. Huntington National Bank boosted its position in DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after buying an additional 439 shares during the period. Park Place Capital Corp grew its holdings in DoubleVerify by 146.7% during the 4th quarter. Park Place Capital Corp now owns 1,586 shares of the company’s stock worth $58,000 after acquiring an additional 943 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in DoubleVerify in the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 1.2 %

DoubleVerify stock opened at $30.60 on Tuesday. The firm’s fifty day moving average price is $33.46 and its two-hundred day moving average price is $34.26. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 74.64, a price-to-earnings-growth ratio of 3.23 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $43.00.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $172.23 million for 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, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 5,364 shares of DoubleVerify stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $32.80, for a total value of $175,939.20. Following the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at approximately $2,395,384. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Nicola T. Allais sold 5,364 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $32.80, for a total value 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 accessible through the SEC website. Also, CFO Nicola T. Allais sold 5,292 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total value of $163,311.12. Following the sale, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,253,705.80. The disclosure for this sale can be found here. Insiders sold 91,531 shares of company stock worth $3,043,004 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DV shares. Truist Financial reduced their price objective on shares of DoubleVerify from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. JPMorgan Chase & Co. lowered their price objective on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Royal Bank of Canada increased their target price 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. BMO Capital Markets restated an “outperform” rating and issued a $42.00 price target (down previously from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. Finally, Robert W. Baird increased their price objective on shares of DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and a consensus 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.