Mount Yale Investment Advisors LLC Has $529,000 Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Mount Yale Investment Advisors LLC increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,189 shares of the company’s stock after acquiring an additional 3,389 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in DoubleVerify were worth $529,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bridges Investment Management Inc. bought a new stake in shares of DoubleVerify in the 2nd quarter valued at $199,000. Intech Investment Management LLC bought a new position in shares of DoubleVerify in the 2nd quarter worth about $1,414,000. Burgundy Asset Management Ltd. acquired a new position in shares of DoubleVerify in the 2nd quarter valued at about $54,099,000. XTX Topco Ltd boosted its position in shares of DoubleVerify by 84.1% during the 2nd quarter. XTX Topco Ltd now owns 37,725 shares of the company’s stock valued at $735,000 after purchasing an additional 17,235 shares in the last quarter. Finally, Seven Eight Capital LP grew its stake in DoubleVerify by 667.5% during the second quarter. Seven Eight Capital LP now owns 176,858 shares of the company’s stock worth $3,443,000 after purchasing an additional 153,814 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on DV. Barclays lowered their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. Macquarie reaffirmed an “outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a research report on Wednesday, July 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 price objective on shares of DoubleVerify in a research note on Friday, September 13th. Finally, Morgan Stanley upped their target price on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average target price of $31.18.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Monday, August 5th. The stock was sold at an average price of $19.25, for a total value of $33,957.00. Following the completion of the transaction, the chief financial officer now directly owns 77,314 shares in the company, valued at $1,488,294.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 5,292 shares of company stock worth $104,835 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Stock Performance

DV stock 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 stock has a fifty day moving average of $19.09 and a 200-day moving average of $23.01. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.40 and a beta of 0.92.

DoubleVerify (NYSE:DV) last posted its earnings results on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The firm 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 company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current year.

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.