Geneva Capital Management LLC Grows Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Geneva Capital Management LLC increased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 21.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,895,540 shares of the company’s stock after purchasing an additional 328,431 shares during the period. DoubleVerify makes up 1.3% of Geneva Capital Management LLC’s holdings, making the stock its 27th biggest holding. Geneva Capital Management LLC’s holdings in DoubleVerify were worth $69,718,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in DoubleVerify by 15.1% in the 3rd quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock worth $377,138,000 after purchasing an additional 1,768,064 shares in the last quarter. Bank of New York Mellon Corp grew its holdings 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 acquiring an additional 1,082,615 shares during the period. Riverbridge Partners LLC raised its position in shares of DoubleVerify by 70.5% in the 4th quarter. Riverbridge Partners LLC now owns 2,319,975 shares of the company’s stock worth $85,329,000 after acquiring an additional 959,514 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of DoubleVerify by 426.4% in the 4th 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 period. Finally, Federated Hermes Inc. boosted its position in shares of DoubleVerify by 270.0% during 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 in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.3 %

DV traded up $0.06 during trading on Thursday, hitting $18.84. The company’s stock had a trading volume of 7,987,461 shares, compared to its average volume of 2,103,979. DoubleVerify Holdings, Inc. has a one year low of $17.74 and a one year high of $43.00. The business’s 50 day simple moving average is $31.65 and its 200-day simple moving average is $34.25. The firm has a market cap of $3.24 billion, a PE ratio of 45.39, a P/E/G ratio of 3.24 and a beta of 1.11.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.25 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. DoubleVerify’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 5,364 shares of the business’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 sale, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,395,384. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other DoubleVerify news, insider Andrew E. Grimmig sold 16,667 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $33.80, for a total transaction of $563,344.60. Following the sale, the insider now directly owns 39,468 shares in the company, valued at $1,334,018.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Nicola T. Allais sold 5,364 shares of DoubleVerify stock in a transaction that occurred 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 have sold a total of 92,431 shares of company stock valued at $3,070,904 over the last ninety days. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays lowered their price objective on DoubleVerify from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. TheStreet upgraded DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Monday, March 11th. Finally, The Goldman Sachs Group cut their target price on DoubleVerify from $38.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average target price of $35.05.

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.