Federated Hermes Inc. Increases Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Federated Hermes Inc. lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 270.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,110,071 shares of the company’s stock after purchasing an additional 810,071 shares during the period. Federated Hermes Inc.’s holdings in DoubleVerify were worth $40,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in DoubleVerify by 40.2% in the third quarter. Envestnet Asset Management Inc. now owns 192,772 shares of the company’s stock worth $5,388,000 after purchasing an additional 55,322 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in DoubleVerify by 135.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,160 shares of the company’s stock valued at $1,625,000 after buying an additional 33,499 shares during the period. Moody National Bank Trust Division bought a new position in DoubleVerify in the fourth quarter worth approximately $1,590,000. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 15.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,493,302 shares of the company’s stock worth $377,138,000 after acquiring an additional 1,768,064 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of DoubleVerify by 110.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,100,529 shares of the company’s stock valued at $30,760,000 after acquiring an additional 577,018 shares during the period. Institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird raised their target price on DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 price objective (down from $44.00) on shares of DoubleVerify in a research report on Friday, March 1st. Truist Financial reduced their target price on shares of DoubleVerify from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Barclays lowered their price target on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Finally, Bank of America reduced their price objective on shares of DoubleVerify from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

DoubleVerify Stock Performance

DV stock opened at $29.43 on Friday. The firm has a fifty day moving average price of $34.80 and a 200 day moving average price of $34.08. DoubleVerify Holdings, Inc. has a fifty-two week low of $26.23 and a fifty-two week high of $43.00. The firm has a market cap of $5.05 billion, a PE ratio of 71.78, a price-to-earnings-growth ratio of 3.22 and a beta of 1.04.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The business had revenue of $172.23 million during the quarter, compared to analyst estimates of $171.85 million. On average, equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling

In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.85, for a total transaction of $27,765.00. Following the sale, the insider now directly owns 139,802 shares in the company, valued at $4,312,891.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Nicola T. Allais sold 5,292 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $32.53, for a total value of $172,148.76. Following the completion of the sale, the chief financial officer now directly owns 73,030 shares in the company, valued at $2,375,665.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Julie Eddleman sold 900 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $30.85, for a total transaction of $27,765.00. Following the transaction, the insider now owns 139,802 shares in the company, valued at approximately $4,312,891.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,239 shares of company stock worth $2,879,693. Corporate insiders own 3.27% 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.