Blair William & Co. IL Sells 299,547 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Blair William & Co. IL decreased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 69.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,142 shares of the company’s stock after selling 299,547 shares during the period. Blair William & Co. IL owned about 0.08% of DoubleVerify worth $2,612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its stake in DoubleVerify by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,453 shares of the company’s stock valued at $242,000 after buying an additional 1,684 shares in the last quarter. Lumbard & Kellner LLC bought a new stake in shares of DoubleVerify in the 2nd quarter worth about $3,185,000. Edgestream Partners L.P. bought a new position in DoubleVerify during the 2nd quarter valued at about $2,516,000. Quantbot Technologies LP acquired a new position in DoubleVerify in the second quarter valued at about $3,499,000. Finally, Dimensional Fund Advisors LP grew its stake in DoubleVerify by 36.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,422,061 shares of the company’s stock worth $47,154,000 after buying an additional 643,679 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of DV opened at $17.19 on Monday. The firm has a market cap of $2.95 billion, a P/E ratio of 45.24, a PEG ratio of 2.40 and a beta of 0.92. DoubleVerify Holdings, Inc. has a twelve month low of $16.93 and a twelve month high of $43.00. The firm’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $23.15.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $155.89 million for the quarter, compared to analysts’ expectations of $153.78 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. On average, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $20.16, for a total value of $35,562.24. Following the sale, the chief financial officer now owns 77,314 shares in the company, valued at approximately $1,558,650.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 5,292 shares of company stock valued at $104,835 over the last three months. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 target price on shares of DoubleVerify in a research note on Friday, June 14th. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 price objective on shares of DoubleVerify in a report on Friday, September 13th. Morgan Stanley lifted their price target on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Barclays cut their price objective on shares of DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and an average target price of $31.18.

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.