Yousif Capital Management LLC Increases Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Yousif Capital Management LLC raised its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,941 shares of the company’s stock after purchasing an additional 5,839 shares during the quarter. Yousif Capital Management LLC’s holdings in DoubleVerify were worth $2,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised 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 buying an additional 1,768,064 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 valued at $107,076,000 after buying an additional 1,082,615 shares during the last quarter. Riverbridge Partners LLC raised its position in DoubleVerify by 70.5% during the fourth quarter. Riverbridge Partners LLC now owns 2,319,975 shares of the company’s stock valued at $85,329,000 after acquiring an additional 959,514 shares in the last quarter. Jennison Associates LLC grew its stake in shares of DoubleVerify by 426.4% during the 4th quarter. Jennison Associates LLC now owns 1,040,759 shares of the company’s stock worth $38,279,000 after purchasing an additional 843,045 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of DoubleVerify by 270.0% in the 4th quarter. Federated Hermes Inc. now owns 1,110,071 shares of the company’s stock valued at $40,828,000 after purchasing an additional 810,071 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays reduced their price target on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. JMP Securities cut their target price on shares of DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating for the company in a research note on Thursday, February 29th. Bank of America lowered their price objective on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Royal Bank of Canada lifted their price target on DoubleVerify from $40.00 to $49.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, Truist Financial lowered their target price 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. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Activity at DoubleVerify

In related news, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was 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 directly owns 39,468 shares in the company, valued at approximately $1,322,572.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Andrew E. Grimmig sold 50,924 shares of the stock in a transaction dated 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 $1,322,572.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew E. Grimmig sold 16,667 shares of DoubleVerify stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $33.80, for a total transaction of $563,344.60. Following the completion of the transaction, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,531 shares of company stock worth $3,043,004. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Price Performance

Shares of DV stock opened at $30.60 on Tuesday. The company has a 50-day moving average of $33.46 and a two-hundred day moving average of $34.26. The firm has a market cap of $5.25 billion, a PE 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 earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating 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 the consensus estimate of $171.85 million. Sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS 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.