Amalgamated Bank boosted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 78,341 shares of the company’s stock after purchasing an additional 8,937 shares during the quarter. Amalgamated Bank’s holdings in DoubleVerify were worth $2,881,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Motley Fool Asset Management LLC acquired a new stake in DoubleVerify during the 4th quarter worth $962,000. Envestnet Asset Management Inc. boosted its stake in DoubleVerify by 40.2% in the third quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company’s stock valued at $5,388,000 after acquiring an additional 55,322 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in DoubleVerify by 135.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,160 shares of the company’s stock valued at $1,625,000 after acquiring an additional 33,499 shares in the last quarter. California Public Employees Retirement System boosted its stake in DoubleVerify by 24.7% in the fourth quarter. California Public Employees Retirement System now owns 222,351 shares of the company’s stock valued at $8,178,000 after acquiring an additional 44,106 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new position in DoubleVerify in the fourth quarter valued at $1,590,000. 97.29% of the stock is owned by hedge funds and other institutional investors.
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DoubleVerify Stock Up 0.3 %
NYSE:DV opened at $18.89 on Friday. The company has a market capitalization of $3.24 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 3.31 and a beta of 1.11. DoubleVerify Holdings, Inc. has a 52-week low of $17.74 and a 52-week high of $43.00. The stock has a fifty day simple moving average of $31.16 and a 200-day simple moving average of $34.07.
DoubleVerify (NYSE:DV – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have issued reports on DV. Wells Fargo & Company decreased their price objective on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Needham & Company LLC cut their price target on DoubleVerify from $45.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday. JMP Securities decreased their price target on DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating for the company in a report on Wednesday. The Goldman Sachs Group decreased their price target on DoubleVerify from $38.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays decreased their price target on DoubleVerify from $40.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.05.
Get Our Latest Research Report on DV
Insider Transactions at DoubleVerify
In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $31.00, for a total transaction of $27,900.00. Following the completion of the sale, the insider now owns 145,944 shares in the company, valued at approximately $4,524,264. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $31.00, for a total transaction of $27,900.00. Following the completion of the sale, the insider now owns 145,944 shares in the company, valued at approximately $4,524,264. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $33.51, for a total value of $1,706,463.24. Following the completion of the sale, the insider now 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 92,431 shares of company stock valued at $3,070,904 in the last 90 days. 3.00% of the stock is currently owned by insiders.
DoubleVerify Company 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.
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