179,735 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 179,735 shares of the company’s stock, valued at approximately $3,499,000.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in DoubleVerify in the first quarter valued at approximately $28,000. RiverPark Advisors LLC acquired a new stake in DoubleVerify in the first quarter valued at approximately $54,000. CWM LLC grew its stake in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after acquiring an additional 1,900 shares during the period. Quadrant Capital Group LLC grew its stake in DoubleVerify by 65.3% in the fourth 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 during the period. Finally, Fifth Third Bancorp grew its stake in DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after acquiring an additional 1,742 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DV. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a research note on Wednesday, July 31st. Barclays dropped their target price on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Morgan Stanley raised their target price on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Macquarie restated an “outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of DoubleVerify in a report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.53.

Insider Buying and Selling at DoubleVerify

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

DoubleVerify Trading Down 1.9 %

Shares of DoubleVerify stock opened at $17.09 on Tuesday. The business’s fifty day simple moving average is $19.36 and its 200 day simple moving average is $23.48. The firm has a market capitalization of $2.94 billion, a P/E ratio of 44.97, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. DoubleVerify Holdings, Inc. has a 12 month low of $16.93 and a 12 month high of $43.00.

DoubleVerify (NYSE:DV) last issued its 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 for the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Analysts predict that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal 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.