Motley Fool Asset Management LLC Purchases Shares of 26,165 DoubleVerify Holdings, Inc. (NYSE:DV)

Motley Fool Asset Management LLC purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,165 shares of the company’s stock, valued at approximately $962,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of DoubleVerify by 15.1% during 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 period. Bank of New York Mellon Corp lifted its position in shares of DoubleVerify by 39.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,830,983 shares of the company’s stock worth $107,076,000 after buying an additional 1,082,615 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of DoubleVerify by 19.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,734,735 shares of the company’s stock worth $76,436,000 after purchasing an additional 441,278 shares during the last quarter. Invesco Ltd. increased its stake in shares of DoubleVerify by 18.1% during the 3rd quarter. Invesco Ltd. now owns 2,651,003 shares of the company’s stock worth $74,096,000 after purchasing an additional 406,444 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in shares of DoubleVerify by 34.7% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,643,235 shares of the company’s stock worth $73,878,000 after purchasing an additional 681,396 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.3 %

DV traded up $0.10 during midday trading on Friday, reaching $30.24. The company’s stock had a trading volume of 1,071,333 shares, compared to its average volume of 1,792,746. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 73.76, a PEG ratio of 3.29 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1 year low of $26.23 and a 1 year high of $43.00. The stock’s 50-day moving average is $33.69 and its 200-day moving average is $34.16.

DoubleVerify (NYSE:DV) last issued its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $172.23 million for the quarter, compared to the consensus estimate of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. As a group, equities research 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, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the transaction, the insider now owns 137,668 shares in the company, valued at $4,171,340.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Julie Eddleman sold 900 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the transaction, the insider now owns 137,668 shares in the company, valued at $4,171,340.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew E. Grimmig sold 50,924 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 39,468 shares in the company, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,531 shares of company stock worth $3,043,004. Corporate insiders own 3.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. TheStreet upgraded shares of DoubleVerify from a “d+” rating to a “c-” rating in a research report on Thursday, February 29th. Bank of America dropped their price objective on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Robert W. Baird boosted their price target 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. Finally, Truist Financial lowered their price target on shares of DoubleVerify from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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.