State of New Jersey Common Pension Fund D Purchases 17,967 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

State of New Jersey Common Pension Fund D lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 22.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 97,681 shares of the company’s stock after acquiring an additional 17,967 shares during the period. State of New Jersey Common Pension Fund D’s holdings in DoubleVerify were worth $1,902,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Whittier Trust Co. bought a new position in DoubleVerify in the 1st quarter valued at $28,000. RiverPark Advisors LLC purchased a new stake in DoubleVerify in the first quarter worth $54,000. CWM LLC increased its stake in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after purchasing an additional 1,900 shares during the period. Quadrant Capital Group LLC increased its stake in DoubleVerify by 65.3% in the fourth 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 period. Finally, Fifth Third Bancorp increased its stake in DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,742 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $19.25, for a total value of $33,957.00. Following the transaction, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at approximately $1,488,294.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 5,292 shares of company stock valued at $104,835. Insiders own 3.00% of the company’s stock.

DoubleVerify Price Performance

Shares of DV stock opened at $17.19 on Monday. The stock’s fifty day moving average price is $19.14 and its 200 day moving average price is $23.15. DoubleVerify Holdings, Inc. has a 1-year low of $16.93 and a 1-year high of $43.00. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 45.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $155.89 million for the quarter, compared to the consensus estimate 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 company posted $0.07 earnings per share. As a group, equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

DV has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of DoubleVerify in a research note on Friday, June 14th. Macquarie restated an “outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a report on Wednesday, July 31st. Barclays dropped their price target on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Morgan Stanley lifted their price objective on DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of DoubleVerify in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.18.

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.