Park Place Capital Corp Acquires 2,435 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Park Place Capital Corp grew its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 153.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,021 shares of the company’s stock after buying an additional 2,435 shares during the quarter. Park Place Capital Corp’s holdings in DoubleVerify were worth $141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Shaker Investments LLC OH lifted its position in DoubleVerify by 0.4% during the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company’s stock worth $2,793,000 after buying an additional 280 shares in the last quarter. Signaturefd LLC increased its stake in shares of DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $40,000 after purchasing an additional 498 shares during the last quarter. 1492 Capital Management LLC increased its stake in shares of DoubleVerify by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 56,389 shares of the company’s stock worth $2,074,000 after purchasing an additional 553 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of DoubleVerify by 42.0% during the 4th quarter. First Horizon Advisors Inc. now owns 2,382 shares of the company’s stock worth $88,000 after purchasing an additional 704 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DV has been the topic of several recent analyst reports. Truist Financial lowered their price objective on shares of DoubleVerify from $39.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. William Blair lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Canaccord Genuity Group lowered their price objective 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. KeyCorp lowered shares of DoubleVerify from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 8th. Finally, Needham & Company LLC decreased their price target on shares of DoubleVerify from $45.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.05.

DoubleVerify Trading Up 1.4 %

Shares of NYSE:DV traded up $0.28 on Monday, reaching $19.75. 2,123,976 shares of the company’s stock were exchanged, compared to its average volume of 2,388,717. The company has a fifty day moving average of $21.54 and a 200-day moving average of $31.12. DoubleVerify Holdings, Inc. has a twelve month low of $17.50 and a twelve month high of $43.00. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 51.24, a PEG ratio of 3.00 and a beta of 0.93.

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

DoubleVerify declared that its Board of Directors has approved a stock buyback plan on Thursday, May 16th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at DoubleVerify

In other news, insider Andrew E. Grimmig sold 16,667 shares of the company’s 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 completion of the sale, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 value of $563,344.60. Following the completion of the transaction, the insider now owns 39,468 shares of the company’s stock, valued at approximately $1,334,018.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Nicola T. Allais sold 5,292 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $32.53, for a total transaction of $172,148.76. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at approximately $2,375,665.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,951 shares of company stock valued at $984,214. Company insiders own 3.00% of the company’s stock.

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.