First Dallas Securities Inc. Makes New $620,000 Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

First Dallas Securities Inc. purchased a new position in DoubleVerify Holdings, Inc. (NYSE:DV) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,640 shares of the company’s stock, valued at approximately $620,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DV. Shaker Investments LLC OH raised its position in shares of DoubleVerify by 0.4% in the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock valued at $2,793,000 after purchasing an additional 280 shares in the last quarter. Signaturefd LLC raised its position in shares of DoubleVerify by 84.7% in 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 in the last quarter. 1492 Capital Management LLC raised its position in shares of DoubleVerify by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock valued at $2,074,000 after acquiring an additional 553 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $55,000 after acquiring an additional 587 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of 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 acquiring an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DV. The Goldman Sachs Group dropped their price target on DoubleVerify from $38.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC dropped their price target on DoubleVerify from $45.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Bank of America lowered DoubleVerify from a “buy” rating to an “underperform” rating and dropped their price target for the company from $45.00 to $18.00 in a research report on Thursday, May 9th. Capital One Financial lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Macquarie raised DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.05.

DoubleVerify Price Performance

DoubleVerify stock traded up $0.42 during mid-day trading on Friday, hitting $19.47. The company’s stock had a trading volume of 4,154,649 shares, compared to its average volume of 2,586,172. The firm’s 50 day moving average is $21.54 and its 200 day moving average is $31.17. The company has a market cap of $3.34 billion, a PE ratio of 51.24, a price-to-earnings-growth ratio of 2.93 and a beta of 0.92. DoubleVerify Holdings, Inc. has a 52-week low of $17.50 and a 52-week high of $43.00.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a return on equity of 6.46% and a net margin of 11.25%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.31 EPS for the current year.

DoubleVerify announced that its board has initiated a share buyback plan on Thursday, May 16th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Julie Eddleman sold 900 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $33.05, for a total transaction of $29,745.00. Following the completion of the sale, the insider now directly owns 140,702 shares of the company’s stock, valued at approximately $4,650,201.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Andrew E. Grimmig sold 16,667 shares of the 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 transaction, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Julie Eddleman sold 900 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $33.05, for a total value of $29,745.00. Following the transaction, the insider now directly owns 140,702 shares in the company, valued at approximately $4,650,201.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,951 shares of company stock valued at $984,214. Corporate insiders own 3.00% of the company’s stock.

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.