Algert Global LLC Purchases 54,122 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Algert Global LLC boosted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 669,397 shares of the company's stock after buying an additional 54,122 shares during the quarter. Algert Global LLC owned approximately 0.40% of DoubleVerify worth $12,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DV. Smartleaf Asset Management LLC lifted its stake in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after acquiring an additional 981 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of DoubleVerify by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after purchasing an additional 1,285 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares in the last quarter. Allianz SE bought a new stake in shares of DoubleVerify during the fourth quarter worth about $41,000. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of DoubleVerify by 50.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after buying an additional 1,317 shares during the period. Institutional investors own 97.29% of the company's stock.

DoubleVerify Trading Down 4.7 %

Shares of DV traded down $0.67 during trading hours on Friday, reaching $13.46. 2,499,015 shares of the stock traded hands, compared to its average volume of 2,325,701. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The stock has a fifty day simple moving average of $13.47 and a 200 day simple moving average of $17.71. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. Analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DV. The Goldman Sachs Group reduced their target price on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley decreased their price objective on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Barclays decreased their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, JMP Securities reiterated a "market outperform" rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $19.24.

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.