GAMMA Investing LLC Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

GAMMA Investing LLC purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,057 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. increased its holdings in DoubleVerify by 9.0% during the 3rd quarter. Xponance Inc. now owns 17,246 shares of the company’s stock valued at $482,000 after purchasing an additional 1,418 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of DoubleVerify by 2.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 105,199 shares of the company’s stock worth $2,940,000 after buying an additional 2,189 shares during 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 valued at $107,076,000 after buying an additional 1,082,615 shares in the last quarter. New York State Teachers Retirement System raised its stake in DoubleVerify by 176.4% during the third quarter. New York State Teachers Retirement System now owns 92,238 shares of the company’s stock valued at $2,578,000 after buying an additional 58,861 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in DoubleVerify by 12.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,955 shares of the company’s stock worth $558,000 after acquiring an additional 2,252 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

DV has been the topic of a number of analyst reports. Barclays dropped their price target on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Wells Fargo & Company lowered their price objective on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. TheStreet raised DoubleVerify from a “d+” rating to a “c-” rating in a report on Thursday, February 29th. KeyCorp boosted their target price on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. 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 equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Insider Transactions at DoubleVerify

In other news, insider Julie Eddleman sold 900 shares of the 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 directly owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, 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 transaction of $27,270.00. Following the completion of the transaction, the insider now directly owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.80, for a total transaction of $175,939.20. Following the transaction, the chief financial officer now owns 73,030 shares of the company’s stock, valued at approximately $2,395,384. 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 over the last three months. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE DV opened at $30.37 on Friday. The firm has a fifty day moving average price of $32.74 and a 200-day moving average price of $34.22. The stock has a market cap of $5.21 billion, a PE ratio of 74.07, a price-to-earnings-growth ratio of 3.17 and a beta of 1.11. DoubleVerify Holdings, Inc. has a 1 year low of $26.23 and a 1 year high of $43.00.

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 analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $172.23 million during the quarter, compared to analysts’ expectations of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. On average, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current 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.