Mutual of America Capital Management LLC Buys 2,393 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Mutual of America Capital Management LLC increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,397 shares of the company’s stock after buying an additional 2,393 shares during the period. Mutual of America Capital Management LLC’s holdings in DoubleVerify were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DV. Guinness Atkinson Asset Management Inc bought a new position in shares of DoubleVerify during the third quarter valued at approximately $34,000. Huntington National Bank increased its stake in shares of DoubleVerify by 41.6% during the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock valued at $42,000 after purchasing an additional 439 shares in the last quarter. Park Place Capital Corp increased its stake in shares of DoubleVerify by 146.7% during the fourth quarter. Park Place Capital Corp now owns 1,586 shares of the company’s stock valued at $58,000 after purchasing an additional 943 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of DoubleVerify during the fourth quarter valued at approximately $59,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of DoubleVerify during the third quarter valued at approximately $68,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $29.63 on Tuesday. The company’s fifty day simple moving average is $34.57 and its 200-day simple moving average is $34.18. The stock has a market capitalization of $5.09 billion, a PE ratio of 72.27, a P/E/G ratio of 3.14 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $43.00.

DoubleVerify (NYSE:DV) last released its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The company had revenue of $172.23 million for the quarter, compared to analysts’ expectations of $171.85 million. As a group, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DV. Robert W. Baird raised their price target on shares of DoubleVerify from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Wells Fargo & Company reduced their price target on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Macquarie raised shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Monday, March 11th. JMP Securities reduced their price target on shares of DoubleVerify from $45.00 to $40.00 and set a “market outperform” rating for the company in a research report on Thursday, February 29th. Finally, KeyCorp raised their target price on shares of DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.50.

Insider Activity at DoubleVerify

In related news, insider Andrew E. Grimmig sold 16,667 shares of DoubleVerify stock in a transaction on Thursday, April 4th. The shares were 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 in the company, valued at approximately $1,334,018.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other DoubleVerify news, insider Andrew E. Grimmig sold 16,667 shares of DoubleVerify stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $33.80, for a total value of $563,344.60. Following the sale, the insider now directly owns 39,468 shares in the company, 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 Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction on Monday, March 18th. The shares were sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the sale, the insider now owns 39,468 shares in the company, valued at $1,322,572.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,239 shares of company stock worth $2,879,693. 3.27% of the stock is owned by corporate insiders.

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.