Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 35.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,963 shares of the company’s stock after purchasing an additional 7,008 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DoubleVerify were worth $992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DV. Vanguard Group Inc. increased its stake in shares of DoubleVerify by 15.1% in the 3rd quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock worth $377,138,000 after purchasing an additional 1,768,064 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in DoubleVerify by 39.4% during the third quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock valued at $107,076,000 after acquiring an additional 1,082,615 shares during the period. Riverbridge Partners LLC raised its holdings in DoubleVerify by 70.5% during the fourth quarter. Riverbridge Partners LLC now owns 2,319,975 shares of the company’s stock valued at $85,329,000 after acquiring an additional 959,514 shares during the period. Peregrine Capital Management LLC raised its holdings in DoubleVerify by 287.2% during the fourth quarter. Peregrine Capital Management LLC now owns 1,071,244 shares of the company’s stock valued at $39,400,000 after acquiring an additional 794,595 shares during the period. Finally, American Century Companies Inc. raised its holdings in DoubleVerify by 198.0% during the third quarter. American Century Companies Inc. now owns 1,057,013 shares of the company’s stock valued at $29,544,000 after acquiring an additional 702,359 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 0.3 %

DV opened at $30.23 on Monday. DoubleVerify Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $43.00. The stock has a 50-day moving average of $33.69 and a 200 day moving average of $34.24. The firm has a market cap of $5.19 billion, a P/E ratio of 73.73, a P/E/G ratio of 3.23 and a beta of 1.04.

DoubleVerify (NYSE:DV) last announced its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business had revenue of $172.23 million during the quarter, compared to analyst estimates of $171.85 million. On average, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares in the company, valued at $4,171,340.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now directly owns 39,468 shares of the company’s stock, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Insiders sold 91,531 shares of company stock worth $3,043,004 over the last 90 days. Company insiders own 3.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DV shares. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of DoubleVerify in a report on Thursday, March 28th. Barclays decreased their price target on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. KeyCorp lifted their target price on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Wells Fargo & Company reduced their target price on DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Finally, Bank of America reduced their target price on DoubleVerify from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

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.