The Manufacturers Life Insurance Company Boosts Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

The Manufacturers Life Insurance Company boosted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,040 shares of the company’s stock after buying an additional 1,218 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in DoubleVerify were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DV. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after purchasing an additional 2,017,687 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of DoubleVerify by 15.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,019 shares of the company’s stock valued at $589,000 after purchasing an additional 2,120 shares during the period. Canandaigua National Bank & Trust Co. purchased a new stake in shares of DoubleVerify during the first quarter valued at $301,000. Insight Wealth Strategies LLC boosted its stake 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. Finally, Juncture Wealth Strategies LLC purchased a new stake in shares of DoubleVerify during the first quarter valued at $545,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DV has been the subject of a number of research reports. Stifel Nicolaus lowered their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday. Barclays lowered their price objective on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley boosted their target price on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Macquarie reduced their target price on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Friday. Finally, Truist Financial reduced their target price on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.24.

DoubleVerify Stock Up 2.9 %

Shares of DV opened at $17.58 on Tuesday. DoubleVerify Holdings, Inc. has a 52-week low of $16.38 and a 52-week high of $43.00. The company has a market capitalization of $3.02 billion, a PE ratio of 46.26, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The stock has a fifty day simple moving average of $18.10 and a two-hundred day simple moving average of $21.29.

DoubleVerify (NYSE:DV) last announced its earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $153.78 million. During the same period last year, the business posted $0.07 EPS. DoubleVerify’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $17.21, for a total transaction of $30,358.44. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,404,301.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 8,820 shares of company stock worth $160,206 over the last 90 days. 3.00% of the stock is owned by insiders.

DoubleVerify Company 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.