Russell Investments Group Ltd. Raises Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Russell Investments Group Ltd. raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,240 shares of the company’s stock after purchasing an additional 12,977 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of DoubleVerify worth $5,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DV. GAMMA Investing LLC acquired a new position in DoubleVerify during the fourth quarter valued at $42,000. Signaturefd LLC grew its holdings 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 acquiring an additional 498 shares during the period. Guinness Atkinson Asset Management Inc purchased a new position in DoubleVerify during the third quarter valued at approximately $34,000. Huntington National Bank lifted its holdings in DoubleVerify by 41.6% in the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock valued at $42,000 after acquiring an additional 439 shares during the period. Finally, Park Place Capital Corp boosted its position in DoubleVerify by 146.7% in the 4th quarter. Park Place Capital Corp now owns 1,586 shares of the company’s stock worth $58,000 after purchasing an additional 943 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DV shares. Wells Fargo & Company cut their target price on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Bank of America cut shares of DoubleVerify from a “buy” rating to an “underperform” rating and cut their price objective for the company from $45.00 to $18.00 in a report on Thursday. KeyCorp lowered shares of DoubleVerify from an “overweight” rating to a “sector weight” rating in a research note on Wednesday. Truist Financial cut their price target on DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price target on DoubleVerify from $37.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.05.

Insider Activity

In related news, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction dated 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 directly owns 137,668 shares in the company, valued at $4,171,340.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Nicola T. Allais sold 5,292 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.45, for a total transaction of $177,017.40. Following the completion of the sale, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at approximately $2,442,853.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,171,340.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,431 shares of company stock valued at $3,070,904. 3.00% of the stock is currently owned by insiders.

DoubleVerify Trading Up 0.3 %

DV stock opened at $18.84 on Friday. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 3.24 and a beta of 1.11. The firm has a 50-day moving average of $31.41 and a two-hundred day moving average of $34.14. DoubleVerify Holdings, Inc. has a 12 month low of $17.74 and a 12 month high of $43.00.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $138.25 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.