Bridges Investment Management Inc. Acquires New Shares in DoubleVerify Holdings, Inc. (NYSE:DV)

Bridges Investment Management Inc. bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,243 shares of the company’s stock, valued at approximately $199,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. bought a new stake in shares of DoubleVerify in the 1st quarter valued at $28,000. RiverPark Advisors LLC bought a new stake in shares of DoubleVerify in the first quarter worth about $54,000. CWM LLC raised its position in shares of DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after purchasing an additional 1,900 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after purchasing an additional 587 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after purchasing an additional 1,742 shares during the period. Institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

DV has been the topic of several research analyst reports. Barclays dropped their target price 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. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price objective on shares of DoubleVerify in a report on Friday, September 13th. Macquarie reaffirmed an “outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a research note on Wednesday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research note on Tuesday, September 17th. Finally, Truist Financial cut their price target on DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.18.

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 dated Thursday, July 18th. The shares were sold at an average price of $20.16, for a total transaction of $35,562.24. Following the completion of 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 filing with the SEC, which is accessible through this link. Insiders have sold a total of 5,292 shares of company stock worth $104,835 over the last ninety days. Insiders own 3.00% of the company’s stock.

DoubleVerify Stock Performance

Shares of NYSE:DV opened at $17.19 on Monday. DoubleVerify Holdings, Inc. has a 52-week low of $16.93 and a 52-week high of $43.00. The company has a market capitalization of $2.95 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. The company has a 50-day simple moving average of $19.14 and a 200 day simple moving average of $23.15.

DoubleVerify (NYSE:DV) last issued its earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $153.78 million. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

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.