30,790 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 30,790 shares of the company's stock, valued at approximately $591,000.

Several other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in DoubleVerify by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company's stock worth $549,000 after buying an additional 526 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of DoubleVerify during the 4th quarter worth about $193,000. ZWJ Investment Counsel Inc. acquired a new position in shares of DoubleVerify during the 4th quarter valued at about $6,568,000. Fort Washington Investment Advisors Inc. OH raised its stake in shares of DoubleVerify by 19.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,010,596 shares of the company's stock valued at $19,414,000 after acquiring an additional 161,170 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of DoubleVerify in the 4th quarter valued at approximately $113,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on DV. Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Bank of America upgraded shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Robert W. Baird reissued a "neutral" rating and set a $14.00 target price (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Royal Bank of Canada decreased their price target on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Raymond James dropped their price objective on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.31.

DoubleVerify Price Performance

Shares of NYSE DV traded up $0.02 during trading hours on Tuesday, reaching $14.12. The stock had a trading volume of 177,103 shares, compared to its average volume of 2,378,535. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11. The business's fifty day moving average is $13.40 and its two-hundred day moving average is $17.59.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The company's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. Sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.