Victory Capital Management Inc. Reduces Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Victory Capital Management Inc. lowered its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 17.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,801 shares of the company’s stock after selling 5,928 shares during the quarter. Victory Capital Management Inc.’s holdings in DoubleVerify were worth $561,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Whittier Trust Co. purchased a new stake in shares of DoubleVerify during the 1st quarter worth $28,000. Quadrant Capital Group LLC boosted its position in DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares in the last quarter. RiverPark Advisors LLC purchased a new position in shares of DoubleVerify in the first quarter valued at approximately $54,000. CWM LLC increased its holdings in shares of DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Park Place Capital Corp increased its holdings in shares of DoubleVerify by 153.5% in the first quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock valued at $141,000 after purchasing an additional 2,435 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 0.2 %

Shares of DoubleVerify stock opened at $17.19 on Monday. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.93 and a fifty-two week high of $43.00. The firm has a market cap of $2.95 billion, a PE ratio of 45.24, a P/E/G ratio of 2.40 and a beta of 0.92. The business’s fifty day moving average is $19.14 and its two-hundred day moving average is $23.15.

DoubleVerify (NYSE:DV) last released its quarterly earnings data 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 business had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. During the same period in the prior year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current year.

Insider Activity 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 stock was 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 directly owns 77,314 shares in the company, valued at $1,558,650.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 5,292 shares of company stock worth $104,835. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

DV has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of DoubleVerify in a research note on Friday, September 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of DoubleVerify in a report on Friday, June 14th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a research report on Tuesday, September 17th. Macquarie restated an “outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research report on Wednesday, July 31st. Finally, Barclays dropped 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and an average price target 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.