XTX Topco Ltd Buys 17,235 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

XTX Topco Ltd raised its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 84.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,725 shares of the company’s stock after acquiring an additional 17,235 shares during the period. XTX Topco Ltd’s holdings in DoubleVerify were worth $735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. bought a new stake in shares of DoubleVerify in the 1st quarter worth about $28,000. Quadrant Capital Group LLC increased its holdings in shares of DoubleVerify by 65.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after buying an additional 587 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of DoubleVerify in the 1st quarter worth about $54,000. CWM LLC increased its holdings in shares of DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying 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 1st quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock worth $141,000 after buying an additional 2,435 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

DoubleVerify stock opened at $17.19 on Monday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 45.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. DoubleVerify Holdings, Inc. has a 1 year low of $16.93 and a 1 year high of $43.00. The firm has a 50-day moving average of $19.14 and a two-hundred day moving average of $23.15.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DV shares. Macquarie restated an “outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Wednesday, July 31st. Truist Financial reduced their target price on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of DoubleVerify in a research note on Friday, June 14th. Barclays dropped their price target on shares of DoubleVerify from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price target on shares of DoubleVerify in a research note on Friday, September 13th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.18.

Insider Activity

In other news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $20.16, for a total value 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 document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 5,292 shares of company stock worth $104,835. 3.00% of the stock is currently owned by corporate insiders.

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.