Y Intercept Hong Kong Ltd Sells 8,865 Shares of DoubleVerify Holdings, Inc. $DV

Y Intercept Hong Kong Ltd trimmed its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 18.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,035 shares of the company’s stock after selling 8,865 shares during the period. Y Intercept Hong Kong Ltd’s holdings in DoubleVerify were worth $599,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DV. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of DoubleVerify by 99.6% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock worth $22,417,000 after acquiring an additional 747,252 shares in the last quarter. Gagnon Securities LLC boosted its stake in shares of DoubleVerify by 280.9% during the 2nd quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock worth $5,464,000 after acquiring an additional 269,170 shares in the last quarter. ING Groep NV boosted its stake in shares of DoubleVerify by 32.9% during the 1st quarter. ING Groep NV now owns 503,900 shares of the company’s stock worth $6,737,000 after acquiring an additional 124,800 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock worth $246,891,000 after acquiring an additional 984,779 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of DoubleVerify by 3.2% during the 1st quarter. Northern Trust Corp now owns 1,153,839 shares of the company’s stock worth $15,427,000 after acquiring an additional 36,009 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Insider Buying and Selling at DoubleVerify

In related news, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew E. Grimmig sold 4,096 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,488 shares of company stock valued at $157,255. 3.59% of the stock is owned by company insiders.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $11.15 on Thursday. The business has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $13.91. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.69 and a beta of 0.98. DoubleVerify Holdings, Inc. has a one year low of $10.73 and a one year high of $23.11.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $189.02 million during the quarter, compared to the consensus estimate of $171.14 million. DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share. Sell-side analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on DV. JMP Securities reiterated a “market outperform” rating and set a $20.00 price target on shares of DoubleVerify in a research note on Tuesday, September 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $27.00 price target (up previously from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Morgan Stanley decreased their target price 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. Wells Fargo & Company decreased their target price on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. upgraded DoubleVerify from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $19.00 in a research note on Friday, August 1st. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

DoubleVerify Company 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.