1 week Ago By ABMN Staff
Parkside Financial Bank & Trust boosted its stake in DoubleVerify Holdings, Inc. ( NYSE:DV – Free Report ) by 37.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 6,604 shares of the company’s stock after purchasing an additional 1,806 shares during the period. Parkside Financial Bank & Trust’s holdings in DoubleVerify were worth $129,000 at the end of the most recent reporting period. Other large investors have also bought and sold shares of the company.
Assenagon Asset Management S.A. bought a new position in shares of DoubleVerify during the second quarter worth about $73,268,000.
Congress Asset Management Co. MA increased its position in DoubleVerify by 813.2% during the 1st quarter.
Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after purchasing an additional 3,577,575 shares during the period. Vanguard Group Inc.
raised its holdings in DoubleVerify by 15.0% during the 4th quarter. Vanguard Group Inc.
now owns 15,510,989 shares of the company’s stock worth $570,494,000 after purchasing an additional 2,017,687 shares during the last quarter. Norges Bank acquired a new position in shares of DoubleVerify in the 4th quarter worth approximately $58,477,000. Finally, Jericho Capital Asset Management L.
P. bought a new stake in shares of DoubleVerify in the 1st quarter valued at $53,584,000. 97.
29% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades Several equities analysts recently issued reports on DV shares. Morgan Stanley boosted their target price on shares of DoubleVerify from $21.
00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Barclays dropped their price objective on DoubleVerify from $30.
00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $33.
00 target price on shares of DoubleVerify in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of DoubleVerify in a research note on Friday, June 14th.
Finally, The Goldman Sachs Group lifted their price objective on shares of DoubleVerify from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.53.
Insider Buying and Selling In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $19.
25, for a total value of $33,957.00. Following the completion of the sale, the chief financial officer now owns 77,314 shares in the company, valued at approximately $1,488,294.
50. The transaction was disclosed in a document filed with the SEC, which is available at this link . Over the last ninety days, insiders have sold 5,292 shares of company stock worth $104,835.
3.00% of the stock is owned by insiders. DoubleVerify Stock Down 5.
1 % Shares of DoubleVerify stock opened at $18.12 on Friday. The company has a market cap of $3.
11 billion, a PE ratio of 47.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.
92. DoubleVerify Holdings, Inc. has a 52 week low of $17.
50 and a 52 week high of $43.00. The business has a 50 day moving average price of $19.
64 and a 200-day moving average price of $24.54. DoubleVerify ( NYSE:DV – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 30th.
The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04.
DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%.
The business had revenue of $155.89 million for the quarter, compared to analysts’ expectations of $153.78 million.
During the same period last year, the business earned $0.07 EPS. The business’s revenue was up 16.
6% on a year-over-year basis. As a group, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.
3 EPS for the current year. DoubleVerify announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 16th that allows the company to buyback $150.00 million in shares.
This buyback authorization allows the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
DoubleVerify Profile ( Free Report ) 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. Read More Receive News & Ratings for DoubleVerify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleVerify and related companies with MarketBeat.
com's FREE daily email newsletter ..
