TCW Group Inc. Has $1.51 Million Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

TCW Group Inc. lowered its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 7.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,051 shares of the company’s stock after selling 3,508 shares during the period. TCW Group Inc.’s holdings in DoubleVerify were worth $1,510,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in shares of DoubleVerify in the fourth quarter valued at about $42,000. Signaturefd LLC raised its stake 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 acquiring an additional 498 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of DoubleVerify by 65.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares in the last quarter. Huntington National Bank grew its stake in shares of DoubleVerify by 41.6% during the third 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. Finally, Park Place Capital Corp increased its holdings in shares of DoubleVerify by 146.7% in the fourth 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 in the last quarter. Institutional investors own 97.29% of the company’s stock.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 5,364 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,395,384. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Nicola T. Allais sold 5,364 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.80, for a total value of $175,939.20. Following the sale, the chief financial officer now owns 73,030 shares of the company’s stock, valued at $2,395,384. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Andrew E. Grimmig sold 50,924 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 39,468 shares of the company’s stock, valued at approximately $1,322,572.68. The disclosure for this sale can be found here. Insiders have sold 92,431 shares of company stock valued at $3,070,904 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Stock Performance

DV stock traded up $0.11 during mid-day trading on Friday, hitting $18.76. 3,311,952 shares of the company were exchanged, compared to its average volume of 4,303,793. The firm has a market cap of $3.22 billion, a P/E ratio of 49.37, a P/E/G ratio of 2.71 and a beta of 1.11. DoubleVerify Holdings, Inc. has a 1-year low of $17.74 and a 1-year high of $43.00. The firm’s 50 day simple moving average is $28.60 and its 200 day simple moving average is $33.49.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.25 million. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. On average, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.33 EPS for the current fiscal year.

DoubleVerify announced that its board has initiated a stock repurchase program on Thursday, May 16th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 4.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DV shares. KeyCorp downgraded DoubleVerify from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 8th. The Goldman Sachs Group lowered their price objective on DoubleVerify from $38.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus cut their target price on shares of DoubleVerify from $37.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Robert W. Baird reduced their target price on shares of DoubleVerify from $42.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Finally, Needham & Company LLC dropped their price target on shares of DoubleVerify from $45.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.05.

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.