DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. raised its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 25.9% in the second quarter, Holdings Channel.com reports. The fund owned 3,046,200 shares of the company’s stock after buying an additional 626,586 shares during the quarter. Van Berkom & Associates Inc.’s holdings in DoubleVerify were worth $59,310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DV. Vanguard Group Inc. raised its position in DoubleVerify by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock worth $552,974,000 after acquiring an additional 216,370 shares during the last quarter. Capital World Investors lifted its stake in DoubleVerify by 6.0% in the 4th quarter. Capital World Investors now owns 5,283,932 shares of the company’s stock valued at $194,343,000 after buying an additional 301,011 shares in the last quarter. Congress Asset Management Co. MA grew its holdings 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 buying an additional 3,577,575 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in DoubleVerify during the second quarter worth $73,268,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of DoubleVerify by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 3,713,684 shares of the company’s stock worth $130,573,000 after acquiring an additional 31,000 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

DV has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on DoubleVerify from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of DoubleVerify in a report on Friday, June 14th. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of DoubleVerify in a research note on Wednesday, July 31st. Macquarie restated an “outperform” rating and set a $25.00 target price on shares of DoubleVerify in a research report on Wednesday, July 31st. Finally, Morgan Stanley boosted their price target on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.53.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $20.02, for a total transaction of $35,315.28. Following the sale, the chief financial officer now owns 77,314 shares of the company’s stock, valued at approximately $1,547,826.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 5,292 shares of company stock worth $104,835. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Price Performance

DV stock traded down $0.11 during midday trading on Monday, reaching $18.01. 31,551 shares of the company’s stock traded hands, compared to its average volume of 2,314,109. DoubleVerify Holdings, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $43.00. The business has a 50-day moving average price of $19.64 and a two-hundred day moving average price of $24.42. The company has a market capitalization of $3.06 billion, a P/E ratio of 47.69, a PEG ratio of 2.42 and a beta of 0.92.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. As a group, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

DoubleVerify announced that its board has authorized a share repurchase program on Thursday, May 16th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 4.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

DoubleVerify 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.