Scientech Research LLC Acquires New Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Scientech Research LLC bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,159 shares of the company’s stock, valued at approximately $295,000.

A number of other large investors have also recently bought and sold shares of DV. Vanguard Group Inc. increased its holdings in shares of DoubleVerify by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock worth $552,974,000 after acquiring an additional 216,370 shares during the period. Capital World Investors raised its holdings in shares of DoubleVerify by 6.0% during the fourth quarter. Capital World Investors now owns 5,283,932 shares of the company’s stock valued at $194,343,000 after buying an additional 301,011 shares during the last quarter. Congress Asset Management Co. MA boosted its position in shares of DoubleVerify by 813.2% during the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after buying an additional 3,577,575 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of DoubleVerify during the second quarter worth approximately $73,268,000. Finally, Van Berkom & Associates Inc. grew its holdings in DoubleVerify by 25.9% in the 2nd quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company’s stock worth $59,310,000 after buying an additional 626,586 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $20.02, for a total transaction of $35,315.28. Following the transaction, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at $1,547,826.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 7,056 shares of company stock valued at $135,316 over the last quarter. Company insiders own 3.00% of the company’s stock.

DoubleVerify Trading Down 1.9 %

NYSE DV opened at $16.84 on Tuesday. DoubleVerify Holdings, Inc. has a 1 year low of $16.75 and a 1 year high of $43.00. The stock’s 50-day moving average price is $18.80 and its two-hundred day moving average price is $22.46. The company has a market cap of $2.89 billion, a PE ratio of 44.32, a PEG ratio of 2.32 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DV. Morgan Stanley boosted their price target on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of DoubleVerify in a report on Friday, September 13th. Barclays lowered their target price on shares of DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Truist Financial decreased their price objective on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price objective on shares of DoubleVerify in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.18.

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.