Envestnet Asset Management Inc. Has $18.59 Million Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Envestnet Asset Management Inc. raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 954,521 shares of the company’s stock after buying an additional 32,883 shares during the quarter. Envestnet Asset Management Inc. owned about 0.56% of DoubleVerify worth $18,585,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. 1492 Capital Management LLC lifted its holdings in shares of DoubleVerify by 1.0% during the fourth quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after buying an additional 553 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of DoubleVerify by 65.3% during the fourth 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 during the period. United Services Automobile Association increased its position in shares of DoubleVerify by 7.4% during the second quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock valued at $210,000 after purchasing an additional 746 shares during the period. Whittier Trust Co. bought a new stake in shares of DoubleVerify during the first quarter valued at approximately $28,000. Finally, Insight Wealth Strategies LLC increased its position in shares of DoubleVerify by 1.3% during the first quarter. Insight Wealth Strategies LLC now owns 61,883 shares of the company’s stock valued at $2,176,000 after purchasing an additional 810 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the 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 transaction, the chief financial officer now owns 77,314 shares of the company’s stock, valued at $1,547,826.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 5,292 shares of company stock valued at $104,835 over the last 90 days. 3.00% of the stock is owned by company insiders.

DoubleVerify Stock Performance

Shares of DV stock opened at $17.33 on Tuesday. DoubleVerify Holdings, Inc. has a 52 week low of $16.88 and a 52 week high of $43.00. The stock has a market capitalization of $2.98 billion, a PE ratio of 45.61, a PEG ratio of 2.40 and a beta of 0.92. The stock’s fifty day moving average is $19.09 and its 200-day moving average is $23.01.

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

Wall Street Analyst Weigh In

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

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.