DoubleVerify Holdings, Inc. (NYSE:DV) Holdings Trimmed by First Dallas Securities Inc.

First Dallas Securities Inc. cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 25.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,075 shares of the company’s stock after selling 4,565 shares during the quarter. First Dallas Securities Inc.’s holdings in DoubleVerify were worth $255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Asset Management Inc lifted its position in shares of DoubleVerify by 10.8% during the 2nd quarter. TD Asset Management Inc now owns 131,020 shares of the company’s stock valued at $2,551,000 after acquiring an additional 12,800 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of DoubleVerify during the second quarter valued at $164,000. Hantz Financial Services Inc. acquired a new position in shares of DoubleVerify in the 2nd quarter valued at $4,804,000. Fort Washington Investment Advisors Inc. OH purchased a new position in DoubleVerify in the 2nd quarter worth about $13,000,000. Finally, Peregrine Capital Management LLC raised its holdings in DoubleVerify by 41.5% during the 2nd quarter. Peregrine Capital Management LLC now owns 1,799,786 shares of the company’s stock worth $35,042,000 after buying an additional 527,982 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. KeyCorp cut shares of DoubleVerify from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of DoubleVerify in a research report on Wednesday, July 31st. Truist Financial reduced their target price on DoubleVerify from $39.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Morgan Stanley lifted their price target on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Piper Sandler dropped their price target on DoubleVerify from $40.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and an average price target of $31.53.

DoubleVerify Stock Down 0.5 %

DV stock traded down $0.10 during trading hours on Thursday, hitting $19.20. The company’s stock had a trading volume of 121,979 shares, compared to its average volume of 2,328,212. The stock has a 50 day moving average price of $19.67 and a two-hundred day moving average price of $24.86. DoubleVerify Holdings, Inc. has a 12 month low of $17.50 and a 12 month high of $43.00. The company has a market capitalization of $3.30 billion, a PE ratio of 50.79, a price-to-earnings-growth ratio of 2.63 and a beta of 0.93.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The firm had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. During the same period in the prior year, the company posted $0.07 earnings per share. DoubleVerify’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts expect that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

DoubleVerify announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 16th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $20.16, for a total value of $35,562.24. Following the completion of the sale, the chief financial officer now directly owns 77,314 shares in the company, valued at $1,558,650.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 5,292 shares of company stock valued at $104,835. 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.