Peregrine Capital Management LLC Buys 794,595 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Peregrine Capital Management LLC lifted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 287.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,071,244 shares of the company's stock after purchasing an additional 794,595 shares during the period. DoubleVerify accounts for about 1.2% of Peregrine Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Peregrine Capital Management LLC owned approximately 0.63% of DoubleVerify worth $39,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. lifted its stake in shares of DoubleVerify by 15.1% in the 3rd quarter. Assetmark Inc. now owns 3,279 shares of the company's stock valued at $92,000 after purchasing an additional 430 shares during the last quarter. Huntington National Bank raised its holdings in DoubleVerify by 41.6% in the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company's stock worth $42,000 after acquiring an additional 439 shares during the period. MetLife Investment Management LLC raised its holdings in DoubleVerify by 13.0% in the 4th quarter. MetLife Investment Management LLC now owns 4,052 shares of the company's stock worth $89,000 after acquiring an additional 467 shares during the period. JPMorgan Chase & Co. raised its holdings in DoubleVerify by 1.3% in the 4th quarter. JPMorgan Chase & Co. now owns 37,185 shares of the company's stock worth $817,000 after acquiring an additional 490 shares during the period. Finally, Arizona State Retirement System raised its holdings in DoubleVerify by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 30,776 shares of the company's stock worth $860,000 after acquiring an additional 554 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TheStreet upgraded shares of DoubleVerify from a "d+" rating to a "c-" rating in a report on Thursday, February 29th. BMO Capital Markets reiterated an "outperform" rating and set a $42.00 target price (down from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. Royal Bank of Canada lifted their target price on shares of DoubleVerify from $40.00 to $49.00 and gave the company an "outperform" rating in a research report on Tuesday, February 27th. Truist Financial reduced their price target on shares of DoubleVerify from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. Finally, Wells Fargo & Company reduced their target price on shares of DoubleVerify from $44.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and a consensus price target of $42.50.

Insider Buying and Selling at DoubleVerify

In other news, insider Julie Eddleman sold 900 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company's stock, valued at $4,171,340.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Julie Eddleman sold 900 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares in the company, valued at $4,171,340.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the transaction, the chief financial officer now owns 73,030 shares of the company's stock, valued at approximately $2,395,384. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,047 shares of company stock valued at $2,679,779. Corporate insiders own 3.27% of the company's stock.

DoubleVerify Stock Performance

NYSE:DV traded up $0.42 during trading hours on Tuesday, hitting $33.26. The stock had a trading volume of 1,224,388 shares, compared to its average volume of 1,856,435. DoubleVerify Holdings, Inc. has a one year low of $26.23 and a one year high of $43.00. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 81.12, a P/E/G ratio of 3.45 and a beta of 1.04. The business's 50 day moving average is $36.44 and its 200-day moving average is $33.98.

DoubleVerify (NYSE:DV - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The firm had revenue of $172.23 million during the quarter, compared to the consensus estimate of $171.85 million. On average, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

DoubleVerify Company 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.