DoubleVerify Holdings, Inc. (NYSE:DV) Stake Raised by Granite Investment Partners LLC

Granite Investment Partners LLC boosted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV – Get Rating) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 815,933 shares of the company’s stock after acquiring an additional 109,764 shares during the quarter. Granite Investment Partners LLC owned about 0.49% of DoubleVerify worth $17,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of DoubleVerify by 5.7% in the 3rd quarter. BlackRock Inc. now owns 9,567,762 shares of the company’s stock valued at $261,677,000 after purchasing an additional 519,903 shares during the period. Vanguard Group Inc. grew its stake in shares of DoubleVerify by 20.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,003,821 shares of the company’s stock valued at $164,205,000 after buying an additional 1,030,783 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of DoubleVerify by 32.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,229,072 shares of the company’s stock valued at $118,543,000 after buying an additional 1,289,415 shares in the last quarter. Capital World Investors grew its stake in shares of DoubleVerify by 13.8% in the 1st quarter. Capital World Investors now owns 3,142,000 shares of the company’s stock valued at $79,084,000 after buying an additional 382,000 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of DoubleVerify by 14.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,317,279 shares of the company’s stock valued at $50,887,000 after buying an additional 287,763 shares in the last quarter. 90.21% of the stock is currently owned by institutional investors.

DoubleVerify Stock Up 2.9 %

DoubleVerify stock traded up $0.95 during mid-day trading on Friday, hitting $33.76. 516,497 shares of the company were exchanged, compared to its average volume of 1,479,331. The business has a fifty day moving average of $29.33 and a 200 day moving average of $26.66. DoubleVerify Holdings, Inc. has a 1-year low of $20.28 and a 1-year high of $33.89. The company has a market capitalization of $5.61 billion, a PE ratio of 113.14 and a beta of 0.82.

DoubleVerify (NYSE:DV – Get Rating) last announced its earnings results on Wednesday, May 10th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $122.59 million for the quarter, compared to analysts’ expectations of $117.93 million. DoubleVerify had a return on equity of 5.91% and a net margin of 10.64%. During the same quarter in the prior year, the business earned $0.03 earnings per share. Research analysts expect that DoubleVerify Holdings, Inc. will post 0.35 earnings per share for the current year.

Insider Transactions at DoubleVerify

In related news, Director Robert Davis Noell sold 14,375,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $26.50, for a total value of $380,937,500.00. Following the transaction, the director now owns 340,464 shares in the company, valued at $9,022,296. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Vii U.S. Holdings L. Providence sold 14,282,944 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $26.50, for a total value of $378,498,016.00. Following the transaction, the insider now owns 52,825,444 shares in the company, valued at $1,399,874,266. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Davis Noell sold 14,375,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $26.50, for a total value of $380,937,500.00. Following the transaction, the director now owns 340,464 shares in the company, valued at approximately $9,022,296. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,755,161 shares of company stock worth $762,233,253. Insiders own 3.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Loop Capital upped their target price on DoubleVerify from $32.00 to $35.00 in a research report on Thursday, March 2nd. Canaccord Genuity Group upped their target price on DoubleVerify from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Truist Financial upped their target price on DoubleVerify from $37.00 to $38.00 in a research report on Thursday, May 11th. Royal Bank of Canada upped their target price on DoubleVerify from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, March 2nd. Finally, JPMorgan Chase & Co. upped their price target on DoubleVerify from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.45.

DoubleVerify Company Profile

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DoubleVerify Holdings, Inc provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments.