Arizona State Retirement System Acquires 927 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Arizona State Retirement System increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,751 shares of the company’s stock after acquiring an additional 927 shares during the quarter. Arizona State Retirement System’s holdings in DoubleVerify were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DV. Natixis Advisors L.P. bought a new stake in DoubleVerify in the 4th quarter valued at about $604,000. Charles Schwab Investment Management Inc. raised its position in shares of DoubleVerify by 16.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,279,017 shares of the company’s stock worth $47,042,000 after purchasing an additional 178,488 shares during the period. Principal Securities Inc. bought a new position in shares of DoubleVerify in the 4th quarter worth $168,000. Dimensional Fund Advisors LP grew its position in DoubleVerify by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,704,229 shares of the company’s stock valued at $62,687,000 after purchasing an additional 252,425 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in DoubleVerify by 173.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 28,579 shares of the company’s stock valued at $1,051,000 after purchasing an additional 18,134 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

DV stock opened at $17.42 on Friday. DoubleVerify Holdings, Inc. has a fifty-two week low of $17.22 and a fifty-two week high of $43.00. The stock has a fifty day moving average of $19.42 and a 200-day moving average of $23.69. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 45.84, a PEG ratio of 2.40 and a beta of 0.92.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The firm had revenue of $155.89 million during the quarter, compared to analyst estimates of $153.78 million. During the same quarter last year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current year.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $20.02, for a total value of $35,315.28. Following the completion of the transaction, the chief financial officer now directly owns 77,314 shares in the company, valued at $1,547,826.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 5,292 shares of company stock valued at $104,835 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DV has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $28.00 price objective on shares of DoubleVerify in a report on Friday. Morgan Stanley lifted their price target on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Macquarie reissued an “outperform” rating and issued a $25.00 price objective on shares of DoubleVerify in a research note on Wednesday, July 31st. Barclays cut their target price on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.53.

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.