Deutsche Bank AG Buys 299,646 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Deutsche Bank AG raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 107.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578,202 shares of the company's stock after purchasing an additional 299,646 shares during the period. Deutsche Bank AG owned 0.34% of DoubleVerify worth $11,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beaconlight Capital LLC purchased a new position in shares of DoubleVerify during the 4th quarter worth $1,677,000. BNP Paribas Financial Markets bought a new stake in shares of DoubleVerify in the 4th quarter worth about $31,579,000. Algert Global LLC increased its stake in DoubleVerify by 8.8% during the fourth quarter. Algert Global LLC now owns 669,397 shares of the company's stock worth $12,859,000 after acquiring an additional 54,122 shares during the last quarter. Alta Fox Capital Management LLC purchased a new stake in shares of DoubleVerify in the fourth quarter valued at $24,267,000. Finally, AQR Capital Management LLC raised its holdings in shares of DoubleVerify by 29.5% in the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock worth $50,002,000 after buying an additional 592,435 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DV shares. Loop Capital lowered DoubleVerify from a "buy" rating to a "hold" rating and lowered their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Bank of America upgraded shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Raymond James dropped their price objective on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Finally, Baird R W lowered shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.31.

DoubleVerify Price Performance

DV traded down $0.12 on Monday, hitting $14.12. The company had a trading volume of 1,765,345 shares, compared to its average volume of 2,341,965. The company's fifty day moving average price is $13.41 and its 200 day moving average price is $17.61. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

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

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.