Louisiana State Employees Retirement System Invests $2.56 Million in DoubleVerify Holdings, Inc. (NYSE:DV)

Louisiana State Employees Retirement System purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 69,700 shares of the company's stock, valued at approximately $2,564,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Guinness Atkinson Asset Management Inc acquired a new stake in DoubleVerify in the 3rd quarter valued at about $34,000. Huntington National Bank lifted its stake in DoubleVerify by 41.6% during the third quarter. Huntington National Bank now owns 1,495 shares of the company's stock worth $42,000 after purchasing an additional 439 shares during the last quarter. Castleview Partners LLC acquired a new position in DoubleVerify in the second quarter valued at approximately $42,000. Advisors Asset Management Inc. lifted its position in DoubleVerify by 67.6% in the third quarter. Advisors Asset Management Inc. now owns 1,567 shares of the company's stock valued at $44,000 after acquiring an additional 632 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in DoubleVerify by 106.1% during the first quarter. First Horizon Advisors Inc. now owns 1,698 shares of the company's stock worth $51,000 after buying an additional 874 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Insiders Place Their Bets

In other news, insider Andrew E. Grimmig sold 50,924 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Andrew E. Grimmig sold 50,924 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the transaction, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andrew E. Grimmig sold 16,667 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $33.80, for a total value of $563,344.60. Following the completion of the sale, the insider now owns 39,468 shares in the company, valued at approximately $1,334,018.40. The disclosure for this sale can be found here. Insiders sold 85,339 shares of company stock worth $2,851,928 over the last ninety days. 3.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DV. BMO Capital Markets reaffirmed an "outperform" rating and set a $42.00 price objective (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. JMP Securities decreased their target price on shares of DoubleVerify from $45.00 to $40.00 and set a "market outperform" rating on the stock in a research report on Thursday, February 29th. Truist Financial dropped their price target on shares of DoubleVerify from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, February 29th. Barclays decreased their price target on shares of DoubleVerify from $43.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, February 29th. Finally, Bank of America cut their target price on DoubleVerify from $47.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.50.

DoubleVerify Stock Down 2.1 %

DV traded down $0.64 during trading on Tuesday, hitting $30.16. The company's stock had a trading volume of 1,719,237 shares, compared to its average volume of 1,821,709. The firm's 50 day moving average price is $35.75 and its two-hundred day moving average price is $34.11. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 75.10, a price-to-earnings-growth ratio of 3.41 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $43.00.

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