Texas Permanent School Fund Corp Reduces Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Texas Permanent School Fund Corp lessened its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 14.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,328 shares of the company’s stock after selling 17,663 shares during the period. Texas Permanent School Fund Corp owned approximately 0.06% of DoubleVerify worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of DoubleVerify by 62.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 118,415 shares of the company’s stock valued at $4,163,000 after buying an additional 45,689 shares during the period. Congress Asset Management Co. MA boosted its position in DoubleVerify by 813.2% in the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after purchasing an additional 3,577,575 shares in the last quarter. Norden Group LLC acquired a new stake in shares of DoubleVerify during the 1st quarter worth approximately $15,297,000. Ranger Investment Management L.P. increased its holdings in shares of DoubleVerify by 26.6% during 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 in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of DoubleVerify by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock valued at $552,974,000 after purchasing an additional 216,370 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price target on shares of DoubleVerify in a research report on Friday, June 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $28.00 price objective on shares of DoubleVerify in a report on Friday, September 13th. Macquarie reissued an “outperform” rating and set a $25.00 target price on shares of DoubleVerify in a report on Wednesday, July 31st. Finally, Barclays decreased their price objective on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.53.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.16, for a total value of $35,562.24. Following the completion of the transaction, the chief financial officer now owns 77,314 shares of the company’s stock, valued at $1,558,650.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 5,292 shares of company stock valued at $104,835 in the last three months. 3.00% of the stock is owned by corporate insiders.

DoubleVerify Stock Performance

DoubleVerify stock opened at $17.16 on Wednesday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. The company’s 50 day simple moving average is $19.31 and its 200-day simple moving average is $23.38. DoubleVerify Holdings, Inc. has a 1 year low of $16.93 and a 1 year high of $43.00.

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

DoubleVerify Company 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.