Maryland State Retirement & Pension System Buys 5,207 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Maryland State Retirement & Pension System lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,337 shares of the company’s stock after purchasing an additional 5,207 shares during the quarter. Maryland State Retirement & Pension System’s holdings in DoubleVerify were worth $2,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Shaker Investments LLC OH grew its stake in DoubleVerify by 0.4% during the fourth quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock valued at $2,793,000 after acquiring an additional 280 shares in the last quarter. Assetmark Inc. increased its holdings in shares of DoubleVerify by 15.1% in the third quarter. Assetmark Inc. now owns 3,279 shares of the company’s stock worth $92,000 after purchasing an additional 430 shares during the last quarter. Huntington National Bank increased its holdings in shares of DoubleVerify by 41.6% in the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after purchasing an additional 439 shares during the last quarter. Signaturefd LLC increased its holdings in shares of DoubleVerify by 84.7% in the fourth quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of DoubleVerify by 1.8% in the third quarter. Arizona State Retirement System now owns 30,776 shares of the company’s stock worth $860,000 after purchasing an additional 554 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays reduced their target price on DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. JMP Securities cut their price objective on DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 29th. Macquarie upgraded DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Monday, March 11th. JPMorgan Chase & Co. reduced their price objective on DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Finally, Needham & Company LLC dropped their target price on DoubleVerify from $45.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.28.

Insider Activity at DoubleVerify

In related news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares in the company, valued at approximately $4,171,340.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other DoubleVerify news, CFO Nicola T. Allais sold 5,292 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.45, for a total transaction of $177,017.40. Following the completion of the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at approximately $2,442,853.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following 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 sold a total of 91,531 shares of company stock worth $3,043,004 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Trading Down 39.2 %

Shares of NYSE DV traded down $11.98 during trading on Wednesday, reaching $18.59. 5,574,127 shares of the company traded hands, compared to its average volume of 1,864,801. The firm’s fifty day simple moving average is $32.06 and its 200 day simple moving average is $34.35. The stock has a market cap of $3.19 billion, a P/E ratio of 44.88, a PEG ratio of 3.24 and a beta of 1.11. DoubleVerify Holdings, Inc. has a 12-month low of $17.74 and a 12-month high of $43.00.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

DoubleVerify Company 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.