DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 24.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,351 shares of the company's stock after acquiring an additional 44,106 shares during the period. California Public Employees Retirement System owned 0.13% of DoubleVerify worth $8,178,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DV. Jennison Associates LLC lifted its position 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 buying an additional 843,045 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of DoubleVerify by 46.2% in the 4th quarter. Handelsbanken Fonder AB now owns 19,300 shares of the company's stock worth $710,000 after acquiring an additional 6,100 shares during the last quarter. Signaturefd LLC boosted its position in shares of DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company's stock worth $40,000 after purchasing an additional 498 shares during the period. Knights of Columbus Asset Advisors LLC increased its holdings in DoubleVerify by 135.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 71,374 shares of the company's stock valued at $2,625,000 after purchasing an additional 41,084 shares during the last quarter. Finally, Calamos Advisors LLC raised its position in DoubleVerify by 5.1% in the fourth quarter. Calamos Advisors LLC now owns 26,600 shares of the company's stock valued at $978,000 after purchasing an additional 1,300 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Price Performance

Shares of NYSE:DV traded up $0.03 on Friday, reaching $30.37. The company's stock had a trading volume of 1,357,278 shares, compared to its average volume of 1,579,826. DoubleVerify Holdings, Inc. has a 52-week low of $26.23 and a 52-week high of $43.00. The stock has a market capitalization of $5.21 billion, a P/E ratio of 74.07, a PEG ratio of 3.24 and a beta of 1.11. The stock's 50-day moving average is $32.50 and its two-hundred day moving average is $34.23.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.29% and a net margin of 12.48%. The firm had revenue of $172.23 million during the quarter, compared to the consensus estimate of $171.85 million. Equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 5,364 shares of the firm's stock in a transaction on Monday, March 18th. The shares were 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 approximately $2,395,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now directly owns 137,668 shares in the company, valued at $4,171,340.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $175,939.20. Following the completion of 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. Insiders sold 91,531 shares of company stock worth $3,043,004 over the last 90 days. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DV. TheStreet raised shares of DoubleVerify from a "d+" rating to a "c-" rating in a research note on Thursday, February 29th. JMP Securities decreased their target price on DoubleVerify from $45.00 to $40.00 and set a "market outperform" rating for the company in a report on Thursday, February 29th. Bank of America cut their price target on DoubleVerify from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Royal Bank of Canada lifted their price objective on DoubleVerify from $40.00 to $49.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Finally, Robert W. Baird upped their target price on shares of DoubleVerify from $38.00 to $44.00 and gave the stock an "outperform" rating in a research note on Thursday, January 18th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.