Illinois Municipal Retirement Fund Purchases 19,002 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Illinois Municipal Retirement Fund lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 24.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,379 shares of the company’s stock after buying an additional 19,002 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of DoubleVerify worth $3,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its holdings in DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock valued at $40,000 after purchasing an additional 498 shares during the last quarter. Guinness Atkinson Asset Management Inc acquired a new stake in DoubleVerify during the 3rd quarter valued at $34,000. Huntington National Bank lifted its holdings in DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company’s stock valued at $42,000 after purchasing an additional 439 shares during the last quarter. Park Place Capital Corp lifted its holdings in DoubleVerify by 146.7% during the 4th quarter. Park Place Capital Corp now owns 1,586 shares of the company’s stock valued at $58,000 after purchasing an additional 943 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in DoubleVerify during the 4th quarter valued at $59,000. 97.29% of the stock is owned by institutional investors.

Insider Buying and Selling at DoubleVerify

In other news, insider Andrew E. Grimmig sold 16,667 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $33.80, for a total transaction of $563,344.60. Following the sale, the insider now directly owns 39,468 shares in the company, valued at $1,334,018.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Andrew E. Grimmig sold 16,667 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $33.80, for a total transaction of $563,344.60. Following the sale, the insider now directly owns 39,468 shares in the company, valued at $1,334,018.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $30.85, for a total value of $27,765.00. Following the sale, the insider now owns 139,802 shares in the company, valued at $4,312,891.70. The disclosure for this sale can be found here. Insiders have sold a total of 86,239 shares of company stock worth $2,879,693 over the last 90 days. Insiders own 3.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DV. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of DoubleVerify in a report on Thursday, March 28th. KeyCorp lifted their target price on DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. BMO Capital Markets reissued an “outperform” rating and set a $42.00 target price (down previously from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Robert W. Baird lifted their target price on DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, Macquarie raised DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Monday, March 11th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.50.

DoubleVerify Stock Up 1.0 %

DoubleVerify stock opened at $30.79 on Thursday. DoubleVerify Holdings, Inc. has a 12-month low of $26.23 and a 12-month high of $43.00. The business’s 50-day moving average price is $34.16 and its two-hundred day moving average price is $34.18. The stock has a market cap of $5.29 billion, a PE ratio of 75.10, a P/E/G ratio of 3.26 and a beta of 1.04.

DoubleVerify (NYSE:DV) last released its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The firm had revenue of $172.23 million for the quarter, compared to analysts’ expectations of $171.85 million. As a group, analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.