PNC Financial Services Group Inc. Has $589,000 Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

PNC Financial Services Group Inc. lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 15.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,019 shares of the company’s stock after acquiring an additional 2,120 shares during the period. PNC Financial Services Group Inc.’s holdings in DoubleVerify were worth $589,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Motley Fool Asset Management LLC bought a new stake in shares of DoubleVerify in the fourth quarter worth about $962,000. Principal Financial Group Inc. grew its position in shares of DoubleVerify by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,131,473 shares of the company’s stock valued at $78,396,000 after purchasing an additional 185,458 shares during the period. Ranger Investment Management L.P. grew its position in shares of DoubleVerify by 26.6% in the 4th quarter. Ranger Investment Management L.P. now owns 907,313 shares of the company’s stock valued at $33,371,000 after purchasing an additional 190,786 shares during the period. Envestnet Asset Management Inc. grew its position in shares of DoubleVerify by 40.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company’s stock valued at $5,388,000 after purchasing an additional 55,322 shares during the period. Finally, Honeycomb Asset Management LP acquired a new position in shares of DoubleVerify in the 4th quarter valued at approximately $14,712,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DV shares. Bank of America lowered DoubleVerify from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $45.00 to $18.00 in a research report on Thursday, May 9th. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, March 11th. TheStreet upgraded DoubleVerify from a “d+” rating to a “c-” rating in a research report on Thursday, February 29th. Needham & Company LLC decreased their price objective on DoubleVerify from $45.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, KeyCorp downgraded DoubleVerify from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.05.

DoubleVerify Trading Up 1.3 %

NYSE DV opened at $19.20 on Thursday. The company has a market cap of $3.30 billion, a PE ratio of 50.51, a PEG ratio of 2.74 and a beta of 0.92. DoubleVerify Holdings, Inc. has a 12 month low of $17.50 and a 12 month high of $43.00. The stock has a 50 day moving average of $21.96 and a 200-day moving average of $31.36.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $138.25 million. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.33 EPS for the current fiscal year.

DoubleVerify announced that its board has authorized a stock repurchase plan on Thursday, May 16th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 5,292 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $32.53, for a total value of $172,148.76. Following the sale, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,375,665.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other DoubleVerify news, insider Andrew E. Grimmig sold 16,667 shares of the stock in a transaction 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 transaction, the insider now owns 39,468 shares in the company, valued at approximately $1,334,018.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nicola T. Allais sold 5,292 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $32.53, for a total value of $172,148.76. Following the completion of the transaction, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,375,665.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,951 shares of company stock worth $984,214. Company insiders own 3.00% of the company’s stock.

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.