120,670 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 120,670 shares of the company’s stock, valued at approximately $4,438,000. Lisanti Capital Growth LLC owned about 0.07% of DoubleVerify as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DV. Maryland State Retirement & Pension System boosted its stake in DoubleVerify by 9.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 60,337 shares of the company’s stock valued at $2,219,000 after purchasing an additional 5,207 shares during the period. Amalgamated Bank boosted its position in shares of DoubleVerify by 12.9% in the fourth quarter. Amalgamated Bank now owns 78,341 shares of the company’s stock valued at $2,881,000 after acquiring an additional 8,937 shares during the period. Natixis Advisors L.P. acquired a new stake in shares of DoubleVerify in the fourth quarter worth $604,000. First Horizon Advisors Inc. raised its stake in DoubleVerify by 42.0% during the 4th quarter. First Horizon Advisors Inc. now owns 2,382 shares of the company’s stock valued at $88,000 after purchasing an additional 704 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in DoubleVerify by 4.4% in the 4th quarter. Swiss National Bank now owns 248,000 shares of the company’s stock valued at $9,121,000 after purchasing an additional 10,400 shares during the period. Institutional investors own 97.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Andrew E. Grimmig sold 50,924 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now owns 39,468 shares in the company, valued at approximately $1,322,572.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Andrew E. Grimmig sold 50,924 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the transaction, the insider now directly owns 39,468 shares in the company, valued at approximately $1,322,572.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the sale, the insider now owns 137,668 shares of the company’s stock, valued at $4,171,340.40. The disclosure for this sale can be found here. Insiders have sold 91,531 shares of company stock valued at $3,043,004 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Barclays dropped their price target on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 price objective (down from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Bank of America dropped their target price on DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of DoubleVerify in a research report on Thursday, March 28th. One 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.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $42.00.

DoubleVerify Stock Performance

DV stock traded up $0.65 during mid-day trading on Monday, hitting $31.02. 1,251,922 shares of the company were exchanged, compared to its average volume of 1,795,353. The firm has a market cap of $5.33 billion, a P/E ratio of 75.66, a P/E/G ratio of 3.24 and a beta of 1.11. DoubleVerify Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $43.00. The firm’s 50 day simple moving average is $32.50 and its 200 day simple moving average is $34.31.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. On average, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal 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.