Los Angeles Capital Management LLC Decreases Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Los Angeles Capital Management LLC lowered its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 80.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,013 shares of the company's stock after selling 48,266 shares during the quarter. Los Angeles Capital Management LLC's holdings in DoubleVerify were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Guinness Atkinson Asset Management Inc bought a new stake in shares of DoubleVerify during the 3rd quarter valued at about $34,000. Signaturefd LLC grew 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 buying an additional 498 shares during the period. Huntington National Bank increased its stake in shares of DoubleVerify by 41.6% in the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company's stock valued at $42,000 after acquiring an additional 439 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of DoubleVerify during the 4th quarter valued at $42,000. Finally, Park Place Capital Corp boosted its stake in DoubleVerify by 146.7% during the fourth quarter. Park Place Capital Corp now owns 1,586 shares of the company's stock worth $58,000 after acquiring an additional 943 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Macquarie upgraded shares of DoubleVerify from a "neutral" rating to an "outperform" rating and set a $40.00 price objective on the stock in a report on Monday, March 11th. KeyCorp downgraded shares of DoubleVerify from an "overweight" rating to a "sector weight" rating in a research report on Wednesday. Canaccord Genuity Group lowered their price objective on shares of DoubleVerify from $48.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday. Robert W. Baird decreased their target price on shares of DoubleVerify from $42.00 to $34.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their price target on shares of DoubleVerify from $38.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.05.

Insider Buying and Selling at DoubleVerify

In related news, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify 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 directly owns 39,468 shares in the company, valued at approximately $1,322,572.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was 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 approximately $1,322,572.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Julie Eddleman sold 900 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now owns 137,668 shares in the company, valued at $4,171,340.40. The disclosure for this sale can be found here. Insiders have sold a total of 92,431 shares of company stock valued at $3,070,904 over the last three months. 3.00% of the stock is currently owned by insiders.

DoubleVerify Stock Performance

DV traded up $0.06 during midday trading on Friday, reaching $18.89. The company had a trading volume of 4,861,875 shares, compared to its average volume of 3,030,062. The business has a 50-day moving average price of $31.16 and a two-hundred day moving average price of $34.11. DoubleVerify Holdings, Inc. has a 12-month low of $17.74 and a 12-month high of $43.00. The stock has a market cap of $3.25 billion, a PE ratio of 49.71, a P/E/G ratio of 2.23 and a beta of 1.11.

DoubleVerify (NYSE:DV - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. DoubleVerify had a return on equity of 6.46% and a net margin of 11.25%. The business had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. During the same period last year, the business posted $0.07 earnings per share. The business's revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.33 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.