DoubleVerify Holdings, Inc. (NYSE:DV) Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,131,473 shares of the company's stock after purchasing an additional 185,458 shares during the period. Principal Financial Group Inc. owned about 1.25% of DoubleVerify worth $78,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Guinness Atkinson Asset Management Inc acquired a new stake in shares of DoubleVerify in the third quarter valued at about $34,000. Signaturefd LLC lifted its stake in DoubleVerify by 84.7% in the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company's stock worth $40,000 after purchasing an additional 498 shares in the last quarter. Huntington National Bank grew its position in shares of DoubleVerify by 41.6% in the third quarter. Huntington National Bank now owns 1,495 shares of the company's stock valued at $42,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of DoubleVerify in the fourth quarter valued at approximately $42,000. Finally, Park Place Capital Corp lifted its position 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 buying an additional 943 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DV shares. Needham & Company LLC cut their target price on DoubleVerify from $45.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, May 8th. JMP Securities decreased their target price on shares of DoubleVerify from $40.00 to $34.00 and set a "market outperform" rating on the stock in a report on Wednesday, May 8th. TheStreet upgraded shares of DoubleVerify from a "d+" rating to a "c-" rating in a report on Thursday, February 29th. Capital One Financial cut DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 7th. Finally, Piper Sandler reduced their target price on DoubleVerify from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and an average price target of $35.05.

Insiders Place Their Bets

In other news, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction 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 transaction, the insider now directly owns 39,468 shares of the company's stock, valued at approximately $1,322,572.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the company's stock in a transaction on Monday, March 18th. The shares were 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 owns 39,468 shares in the company, valued at approximately $1,322,572.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Julie Eddleman sold 900 shares of the 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 transaction, the insider now directly owns 137,668 shares of the company's stock, valued at $4,171,340.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,431 shares of company stock valued at $3,070,904. 3.00% of the stock is owned by corporate insiders.

DoubleVerify Price Performance

Shares of DV traded down $0.41 during midday trading on Tuesday, reaching $18.88. The stock had a trading volume of 3,521,409 shares, compared to its average volume of 2,164,219. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 2.62 and a beta of 1.11. The company's fifty day simple moving average is $30.92 and its two-hundred day simple moving average is $34.10. DoubleVerify Holdings, Inc. has a 1-year low of $17.74 and a 1-year high of $43.00.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly 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 company had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. During the same period in the previous year, the business earned $0.07 EPS. DoubleVerify's revenue for the quarter was up 14.8% on a year-over-year basis. On average, sell-side analysts forecast 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.