California Public Employees Retirement System Buys 44,106 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

California Public Employees Retirement System increased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,351 shares of the company’s stock after purchasing an additional 44,106 shares during the quarter. California Public Employees Retirement System’s holdings in DoubleVerify were worth $8,178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in DoubleVerify by 15.1% in the 3rd quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock valued at $377,138,000 after buying an additional 1,768,064 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in DoubleVerify by 39.4% in the third quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock valued at $107,076,000 after acquiring an additional 1,082,615 shares during the last quarter. Wellington Management Group LLP increased its position in DoubleVerify by 19.2% in the third quarter. Wellington Management Group LLP now owns 2,734,735 shares of the company’s stock worth $76,436,000 after purchasing an additional 441,278 shares during the period. Invesco Ltd. raised its holdings in DoubleVerify by 18.1% during the 3rd quarter. Invesco Ltd. now owns 2,651,003 shares of the company’s stock worth $74,096,000 after purchasing an additional 406,444 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in DoubleVerify by 34.7% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,643,235 shares of the company’s stock valued at $73,878,000 after purchasing an additional 681,396 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Macquarie raised DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, March 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 price objective (down from $44.00) on shares of DoubleVerify in a research note on Friday, March 1st. Wells Fargo & Company dropped their price objective on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Finally, Robert W. Baird raised their target price on DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 5,292 shares of DoubleVerify stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $30.86, for a total value of $163,311.12. Following the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,253,705.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was 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 directly owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction that occurred 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 a total of 91,531 shares of company stock valued at $3,043,004 in the last quarter. 3.00% of the stock is currently owned by insiders.

DoubleVerify Trading Up 0.1 %

DV opened at $30.37 on Friday. The firm’s fifty day simple moving average is $32.74 and its 200 day simple moving average is $34.22. The stock has a market capitalization of $5.21 billion, a P/E ratio of 74.07, a P/E/G ratio of 3.17 and a beta of 1.11. DoubleVerify Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $43.00.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. On average, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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.