Hantz Financial Services Inc. Acquires Shares of 246,715 DoubleVerify Holdings, Inc. (NYSE:DV)

Hantz Financial Services Inc. bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 246,715 shares of the company’s stock, valued at approximately $4,804,000. Hantz Financial Services Inc. owned approximately 0.14% of DoubleVerify at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DV. Signaturefd LLC lifted its position in DoubleVerify by 84.7% during the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after buying an additional 498 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of DoubleVerify by 24.7% during the 4th quarter. California Public Employees Retirement System now owns 222,351 shares of the company’s stock worth $8,178,000 after acquiring an additional 44,106 shares during the period. GAMMA Investing LLC acquired a new position in shares of DoubleVerify during the 4th quarter valued at about $42,000. Truist Financial Corp boosted its position in shares of DoubleVerify by 133.2% during the 4th quarter. Truist Financial Corp now owns 31,138 shares of the company’s stock valued at $1,145,000 after acquiring an additional 17,786 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of DoubleVerify by 9.5% in the fourth quarter. Russell Investments Group Ltd. now owns 150,240 shares of the company’s stock valued at $5,526,000 after purchasing an additional 12,977 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $20.16, for a total transaction of $35,562.24. Following the completion of the transaction, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at $1,558,650.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 5,292 shares of company stock valued at $104,835 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Stock Performance

Shares of DV stock opened at $19.70 on Friday. DoubleVerify Holdings, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $43.00. The company has a 50 day moving average price of $19.65 and a 200 day moving average price of $25.33. The stock has a market capitalization of $3.38 billion, a P/E ratio of 51.84, a price-to-earnings-growth ratio of 2.75 and a beta of 0.93.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. On average, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal year.

DoubleVerify announced that its board has authorized a share buyback plan 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 plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

DV has been the topic of a number of analyst reports. Capital One Financial lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of DoubleVerify in a research note on Friday, June 14th. Bank of America lowered DoubleVerify from a “buy” rating to an “underperform” rating and decreased their price target for the company from $45.00 to $18.00 in a research note on Thursday, May 9th. Canaccord Genuity Group cut their price objective on DoubleVerify from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Truist Financial reduced their price objective on shares of DoubleVerify from $39.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.53.

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.