Focus Partners Advisor Solutions LLC purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,276 shares of the company’s stock, valued at approximately $169,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DV. State of New Jersey Common Pension Fund D grew its position in shares of DoubleVerify by 58.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 136,978 shares of the company’s stock valued at $2,051,000 after acquiring an additional 50,306 shares during the period. AlphaQuest LLC boosted its position in DoubleVerify by 268.3% during the second quarter. AlphaQuest LLC now owns 20,855 shares of the company’s stock worth $312,000 after purchasing an additional 15,193 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in DoubleVerify during the second quarter worth approximately $876,000. Bridges Investment Management Inc. grew its holdings in DoubleVerify by 15.4% in the second quarter. Bridges Investment Management Inc. now owns 65,788 shares of the company’s stock valued at $985,000 after purchasing an additional 8,784 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of DoubleVerify in the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.
DoubleVerify Stock Performance
Shares of DoubleVerify stock opened at $11.38 on Friday. The firm has a market cap of $1.86 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.99. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 52 week low of $10.73 and a 52 week high of $23.11. The business’s fifty day simple moving average is $12.82 and its 200-day simple moving average is $13.93.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on DV. The Goldman Sachs Group reissued a “neutral” rating and set a $13.50 target price on shares of DoubleVerify in a research note on Tuesday, October 14th. Barclays lifted their price objective on DoubleVerify from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Morgan Stanley cut their price objective on DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating for the company in a research note on Monday, October 20th. BMO Capital Markets restated an “outperform” rating and issued a $27.00 target price (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price target on shares of DoubleVerify in a research note on Tuesday, September 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.
Check Out Our Latest Analysis on DV
Insider Activity at DoubleVerify
In other news, insider Andrew E. Grimmig sold 4,096 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total value of $53,207.04. Following the sale, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. This trade represents a 4.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total value of $92,747.92. The disclosure for this sale is available in the SEC filing. 3.59% of the stock is owned by company insiders.
DoubleVerify 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.
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