TD Asset Management Inc Has $4.55 Million Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

TD Asset Management Inc increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DVFree Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,820 shares of the company’s stock after purchasing an additional 10,342 shares during the period. TD Asset Management Inc owned approximately 0.07% of DoubleVerify worth $4,554,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DV. Motley Fool Asset Management LLC acquired a new position in DoubleVerify during the 4th quarter worth approximately $962,000. Principal Financial Group Inc. grew its position in DoubleVerify by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,131,473 shares of the company’s stock valued at $78,396,000 after purchasing an additional 185,458 shares during the period. Envestnet Asset Management Inc. grew its position in DoubleVerify by 40.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company’s stock valued at $5,388,000 after purchasing an additional 55,322 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in DoubleVerify by 135.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,160 shares of the company’s stock worth $1,625,000 after buying an additional 33,499 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of DoubleVerify by 24.7% in the fourth quarter. California Public Employees Retirement System now owns 222,351 shares of the company’s stock valued at $8,178,000 after buying an additional 44,106 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insider Activity

In related news, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $33.05, for a total value of $29,745.00. Following the completion of the transaction, the insider now directly owns 140,702 shares of the company’s stock, valued at approximately $4,650,201.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Nicola T. Allais sold 5,364 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares in the company, valued at approximately $2,395,384. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,531 shares of company stock worth $3,043,634. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DV has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of DoubleVerify from $42.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. KeyCorp lowered DoubleVerify from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 8th. Stifel Nicolaus decreased their price target on DoubleVerify from $37.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Capital One Financial cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, The Goldman Sachs Group reduced their target price on shares of DoubleVerify from $38.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.05.

View Our Latest Analysis on DoubleVerify

DoubleVerify Stock Performance

Shares of DV opened at $18.33 on Thursday. The firm has a market cap of $3.15 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 2.60 and a beta of 0.92. DoubleVerify Holdings, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $43.00. The business has a 50-day moving average of $26.20 and a 200 day moving average of $32.81.

DoubleVerify (NYSE:DVGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.25 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts predict that DoubleVerify Holdings, Inc. will post 0.33 earnings per share for the current fiscal year.

DoubleVerify declared that its Board of Directors has authorized a share repurchase program on Thursday, May 16th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

DoubleVerify Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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