New York State Common Retirement Fund Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

New York State Common Retirement Fund increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 674,748 shares of the company's stock after buying an additional 46,953 shares during the period. New York State Common Retirement Fund owned about 0.40% of DoubleVerify worth $24,817,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in DoubleVerify by 15.1% in the third quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company's stock valued at $377,138,000 after purchasing an additional 1,768,064 shares during the last quarter. Bank of New York Mellon Corp grew its stake in DoubleVerify by 39.4% in the third quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company's stock valued at $107,076,000 after purchasing an additional 1,082,615 shares during the last quarter. Riverbridge Partners LLC grew its stake in DoubleVerify by 70.5% in the fourth quarter. Riverbridge Partners LLC now owns 2,319,975 shares of the company's stock valued at $85,329,000 after purchasing an additional 959,514 shares during the last quarter. Jennison Associates LLC grew its stake in DoubleVerify by 426.4% in the fourth quarter. Jennison Associates LLC now owns 1,040,759 shares of the company's stock valued at $38,279,000 after purchasing an additional 843,045 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in DoubleVerify by 270.0% in the fourth quarter. Federated Hermes Inc. now owns 1,110,071 shares of the company's stock valued at $40,828,000 after purchasing an additional 810,071 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

DoubleVerify Price Performance

NYSE:DV traded up $0.09 during trading hours on Friday, reaching $30.23. The company had a trading volume of 1,071,333 shares, compared to its average volume of 1,512,101. DoubleVerify Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $43.00. The firm has a market cap of $5.19 billion, a PE ratio of 73.73, a price-to-earnings-growth ratio of 3.22 and a beta of 1.04. The business's 50 day moving average price is $33.69 and its 200-day moving average price is $34.20.

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

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 5,364 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $32.80, for a total transaction of $175,939.20. Following the completion of the sale, the chief financial officer now owns 73,030 shares of the company's stock, valued at $2,395,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Nicola T. Allais sold 5,292 shares of DoubleVerify stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total value of $163,311.12. Following the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at approximately $2,253,705.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nicola T. Allais sold 5,364 shares of DoubleVerify stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $32.80, for a total value of $175,939.20. Following the completion of the sale, the chief financial officer now owns 73,030 shares in the company, valued at $2,395,384. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,531 shares of company stock valued at $3,043,004. 3.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DV shares. BMO Capital Markets restated an "outperform" rating and set a $42.00 price target (down previously from $44.00) on shares of DoubleVerify in a research note on Friday, March 1st. JPMorgan Chase & Co. dropped their price target on DoubleVerify from $32.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, February 29th. Barclays dropped their price target on DoubleVerify from $43.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, February 29th. KeyCorp boosted their price target on DoubleVerify from $40.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada boosted their price target on DoubleVerify from $40.00 to $49.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

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.