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

First Dallas Securities Inc. bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV) in the first quarter, HoldingsChannel.com reports. The fund bought 17,640 shares of the company’s stock, valued at approximately $620,000.

A number of other large investors have also added to or reduced their stakes in the stock. Congress Asset Management Co. MA boosted its stake in shares of DoubleVerify by 813.2% during the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock worth $141,255,000 after acquiring an additional 3,577,575 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock worth $570,494,000 after acquiring an additional 2,017,687 shares during the last quarter. Norges Bank purchased a new position in shares of DoubleVerify during the 4th quarter worth $58,477,000. Brown Capital Management LLC boosted its stake in shares of DoubleVerify by 128.1% during the 4th quarter. Brown Capital Management LLC now owns 2,236,450 shares of the company’s stock worth $82,257,000 after acquiring an additional 1,256,195 shares during the last quarter. Finally, Granahan Investment Management LLC purchased a new position in shares of DoubleVerify during the 4th quarter worth $36,988,000. Institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DV. JMP Securities lowered their target price on shares of DoubleVerify from $40.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 8th. Morgan Stanley restated an “equal weight” rating and set a $21.00 target price (down previously from $40.00) on shares of DoubleVerify in a research note on Tuesday. Stifel Nicolaus lowered their target price on shares of DoubleVerify from $37.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 target price on shares of DoubleVerify in a research note on Friday, June 14th. Finally, Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.05.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, insider Andrew E. Grimmig sold 16,667 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $33.80, for a total value of $563,344.60. Following the completion of the sale, the insider now directly owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Julie Eddleman sold 900 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $33.05, for a total transaction of $29,745.00. Following the transaction, the insider now directly owns 140,702 shares in the company, valued at $4,650,201.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew E. Grimmig sold 16,667 shares of the stock in a transaction that occurred 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 $1,334,018.40. The disclosure for this sale can be found here. Insiders sold a total of 29,951 shares of company stock valued at $984,214 in the last three months. Company insiders own 3.00% of the company’s stock.

DoubleVerify Stock Up 2.2 %

NYSE:DV traded up $0.42 during mid-day trading on Friday, hitting $19.47. 4,154,649 shares of the stock traded hands, compared to its average volume of 2,586,172. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 51.24, a PEG 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. The firm’s 50 day moving average is $21.54 and its two-hundred day moving average is $31.17.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $140.70 million for the quarter, compared to the consensus estimate of $138.25 million. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. As a group, research analysts predict that DoubleVerify Holdings, Inc. will post 0.31 EPS for the current year.

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

About DoubleVerify

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.