Laurus Investment Counsel Inc. Buys 147,800 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Laurus Investment Counsel Inc. raised its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 31.4% during the third quarter, HoldingsChannel reports. The firm owned 618,285 shares of the company’s stock after purchasing an additional 147,800 shares during the quarter. DoubleVerify makes up about 5.4% of Laurus Investment Counsel Inc.’s investment portfolio, making the stock its 9th largest position. Laurus Investment Counsel Inc.’s holdings in DoubleVerify were worth $10,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DV. Whittier Trust Co. acquired a new stake in shares of DoubleVerify in the first quarter worth $28,000. RiverPark Advisors LLC acquired a new stake in shares of DoubleVerify in the first quarter worth $54,000. CWM LLC boosted its holdings in DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying an additional 1,900 shares in the last quarter. Fifth Third Bancorp boosted its holdings in DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after buying an additional 1,742 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in DoubleVerify by 37.6% during the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock worth $129,000 after buying an additional 1,806 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Macquarie decreased their price target on shares of DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. The Goldman Sachs Group decreased their price target on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday. Barclays decreased their price target on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Morgan Stanley raised their price objective on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.24.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $17.28, for a total transaction of $30,481.92. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,410,013.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 7,056 shares of company stock worth $124,644. 3.00% of the stock is currently owned by insiders.

DoubleVerify Price Performance

Shares of DV stock traded down $0.04 during trading on Friday, reaching $17.31. The company’s stock had a trading volume of 156,386 shares, compared to its average volume of 2,351,380. DoubleVerify Holdings, Inc. has a 1-year low of $16.38 and a 1-year high of $43.00. The stock’s 50-day moving average price is $18.01 and its 200 day moving average price is $21.11. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 2.21 and a beta of 0.90.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results 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 company had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal year.

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.