Xponance Inc. Sells 4,659 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Xponance Inc. trimmed its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 26.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,060 shares of the company’s stock after selling 4,659 shares during the quarter. Xponance Inc.’s holdings in DoubleVerify were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its stake in DoubleVerify by 62.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 118,415 shares of the company’s stock valued at $4,163,000 after acquiring an additional 45,689 shares during the last quarter. Congress Asset Management Co. MA increased its stake in DoubleVerify by 813.2% in the first quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after acquiring an additional 3,577,575 shares during the last quarter. Norden Group LLC bought a new position in DoubleVerify in the first quarter valued at approximately $15,297,000. Ranger Investment Management L.P. increased its stake in DoubleVerify by 26.6% in the fourth quarter. Ranger Investment Management L.P. now owns 907,313 shares of the company’s stock valued at $33,371,000 after acquiring an additional 190,786 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in DoubleVerify by 1.4% in the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock valued at $552,974,000 after acquiring an additional 216,370 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on 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 directly owns 77,314 shares of the company’s stock, valued at $1,558,650.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 7,056 shares of company stock valued at $135,316. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Stock Down 0.5 %

DV stock opened at $16.76 on Wednesday. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 2.32 and a beta of 0.92. DoubleVerify Holdings, Inc. has a 12-month low of $16.52 and a 12-month high of $43.00. The company’s fifty day simple moving average is $18.73 and its 200 day simple moving average is $22.35.

DoubleVerify (NYSE:DV) last released its 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. The business had revenue of $155.89 million for the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. DoubleVerify’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 earnings per share. Research analysts expect that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DV. Barclays decreased their price objective on shares of DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Morgan Stanley raised their target price on shares of DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Macquarie restated an “outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of DoubleVerify in a research report on Friday, June 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $33.00 target price on shares of DoubleVerify in a research report on Tuesday, September 17th. One 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.18.

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.