Laurus Global Equity Management Inc. lessened its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 812,840 shares of the company’s stock after selling 46,740 shares during the quarter. DoubleVerify accounts for 7.9% of Laurus Global Equity Management Inc.’s investment portfolio, making the stock its 5th biggest position. Laurus Global Equity Management Inc. owned 0.50% of DoubleVerify worth $12,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also modified their holdings of the stock. 111 Capital acquired a new position in DoubleVerify during the 2nd quarter worth approximately $444,000. Impact Investors Inc raised its stake in shares of DoubleVerify by 15.7% during the second quarter. Impact Investors Inc now owns 50,477 shares of the company’s stock valued at $756,000 after purchasing an additional 6,859 shares during the period. ZWJ Investment Counsel Inc. lifted its position in shares of DoubleVerify by 0.4% during the second quarter. ZWJ Investment Counsel Inc. now owns 1,112,908 shares of the company’s stock worth $16,660,000 after purchasing an additional 4,202 shares in the last quarter. Washington Capital Management Inc. lifted its position in shares of DoubleVerify by 10.4% during the second quarter. Washington Capital Management Inc. now owns 43,500 shares of the company’s stock worth $651,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of DoubleVerify by 99.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock valued at $22,417,000 after purchasing an additional 747,252 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.
DoubleVerify Stock Down 0.3%
Shares of DoubleVerify stock opened at $11.30 on Monday. The business has a 50-day moving average price of $14.46 and a 200 day moving average price of $14.17. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.16 and a fifty-two week high of $23.11. The firm has a market cap of $1.85 billion, a P/E ratio of 38.95, a P/E/G ratio of 1.69 and a beta of 0.99. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01.
Insiders Place Their Bets
In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total value of $92,747.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of DoubleVerify stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the transaction, the insider directly owned 96,301 shares of the company’s stock, valued at $1,250,949.99. This trade represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
Wall Street Analyst Weigh In
DV has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price target on shares of DoubleVerify in a research note on Tuesday, September 2nd. Barclays raised their target price on DoubleVerify from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Craig Hallum reiterated a “buy” rating and issued a $20.00 price target on shares of DoubleVerify in a research note on Monday, July 7th. Truist Financial restated a “buy” rating and set a $22.00 price objective (up previously from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, Morgan Stanley lifted their price objective on DoubleVerify from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.13.
Read Our Latest Research Report on DoubleVerify
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.
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