DoubleVerify Holdings, Inc. (NYSE:DV) Stock Holdings Lifted by Park Place Capital Corp

Park Place Capital Corp raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 153.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,021 shares of the company’s stock after purchasing an additional 2,435 shares during the quarter. Park Place Capital Corp’s holdings in DoubleVerify were worth $141,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DV. Signaturefd LLC raised its stake in DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after purchasing an additional 498 shares during the period. GAMMA Investing LLC purchased a new position in shares of DoubleVerify during the 4th quarter valued at $42,000. Quadrant Capital Group LLC grew its holdings in shares of DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after acquiring an additional 587 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of DoubleVerify during the 4th quarter valued at $59,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of DoubleVerify by 42.0% during the 4th quarter. First Horizon Advisors Inc. now owns 2,382 shares of the company’s stock valued at $88,000 after acquiring an additional 704 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $32.53, for a total transaction of $172,148.76. Following the completion of the transaction, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,375,665.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Nicola T. Allais sold 5,292 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $32.53, for a total transaction of $172,148.76. Following the completion of the transaction, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,375,665.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $31.00, for a total transaction of $27,900.00. Following the transaction, the insider now directly owns 145,944 shares of the company’s stock, valued at approximately $4,524,264. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,951 shares of company stock valued at $984,214. Insiders own 3.00% of the company’s stock.

DoubleVerify Trading Up 1.4 %

DoubleVerify stock traded up $0.28 on Monday, reaching $19.75. 2,123,976 shares of the stock were exchanged, compared to its average volume of 2,388,717. The stock has a market cap of $3.39 billion, a PE ratio of 51.24, a PEG ratio of 3.00 and a beta of 0.93. DoubleVerify Holdings, Inc. has a twelve month low of $17.50 and a twelve month high of $43.00. The firm has a fifty day moving average price of $21.54 and a two-hundred day moving average price of $31.12.

DoubleVerify (NYSE:DV) last released its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. Equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.31 EPS for the current fiscal year.

DoubleVerify declared that its board has initiated a stock buyback program on Thursday, May 16th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Capital One Financial cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Piper Sandler lowered their price target on shares of DoubleVerify from $40.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. The Goldman Sachs Group lowered their price target on shares of DoubleVerify from $38.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Stifel Nicolaus lowered their price target on shares of DoubleVerify from $37.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $40.00 price target on shares of DoubleVerify in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.05.

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.