75,000 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by Scalar Gauge Management LLC

Scalar Gauge Management LLC bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $1,460,000. DoubleVerify makes up about 0.8% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 28th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in shares of DoubleVerify during the first quarter worth $28,000. RiverPark Advisors LLC purchased a new stake in DoubleVerify in the 1st quarter valued at about $54,000. CWM LLC increased its stake in shares of DoubleVerify by 212.5% during the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after acquiring an additional 1,900 shares during the last quarter. 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 worth $55,000 after acquiring an additional 587 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after acquiring an additional 1,742 shares during the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DV has been the topic of a number of recent analyst reports. Macquarie reaffirmed an “outperform” rating and set a $25.00 price target on shares of DoubleVerify in a research note on Wednesday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of DoubleVerify in a report on Tuesday, September 17th. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of DoubleVerify in a research note on Friday, September 13th. Barclays reduced their price objective on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, Morgan Stanley increased their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.18.

Insider Activity

In related news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at $1,547,826.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 5,292 shares of company stock worth $104,835. 3.00% of the stock is currently owned by corporate insiders.

DoubleVerify Stock Up 0.8 %

Shares of NYSE DV opened at $17.33 on Tuesday. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $43.00. The business has a 50 day moving average price of $19.09 and a two-hundred day moving average price of $23.01. The firm has a market cap of $2.98 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92.

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

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.