DoubleVerify Holdings, Inc. (NYSE:DV) Shares Bought by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. lifted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 31.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 618,285 shares of the company's stock after purchasing an additional 147,800 shares during the period. DoubleVerify comprises about 5.4% of Laurus Investment Counsel Inc.'s investment portfolio, making the stock its 9th biggest holding. Laurus Investment Counsel Inc. owned about 0.36% of DoubleVerify worth $10,412,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of DoubleVerify by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company's stock worth $552,974,000 after purchasing an additional 216,370 shares during the period. Congress Asset Management Co. MA raised its stake in DoubleVerify by 813.2% during the first 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 period. Assenagon Asset Management S.A. bought a new position in DoubleVerify in the second quarter worth about $73,268,000. Van Berkom & Associates Inc. boosted its stake in DoubleVerify by 25.9% in the second quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company's stock valued at $59,310,000 after acquiring an additional 626,586 shares during the period. Finally, Burgundy Asset Management Ltd. bought a new position in shares of DoubleVerify during the second quarter valued at approximately $54,099,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Price Performance

Shares of DV stock remained flat at $17.35 on Friday. The stock had a trading volume of 882,278 shares, compared to its average volume of 2,354,974. The company has a 50-day moving average of $17.98 and a 200 day moving average of $21.00. The company has a market capitalization of $2.98 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.21 and a beta of 0.90. DoubleVerify Holdings, Inc. has a twelve month low of $16.38 and a twelve month high of $43.00.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $155.89 million for the quarter, compared to analyst estimates of $153.78 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. On average, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DV shares. Needham & Company LLC reiterated a "buy" rating and set a $33.00 price objective on shares of DoubleVerify in a research report on Tuesday, September 17th. Stifel Nicolaus decreased their price target on DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Monday. Morgan Stanley lifted their price objective on shares of DoubleVerify from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Truist Financial decreased their target price on shares of DoubleVerify from $32.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Finally, Barclays dropped their price target on shares of DoubleVerify from $27.00 to $23.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.24.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,410,013.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 7,056 shares of company stock worth $124,644. Insiders own 3.00% of the company's stock.

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.