DoubleVerify Holdings, Inc. (NYSE:DV) Short Interest Update

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 9,250,000 shares, an increase of 21.9% from the April 30th total of 7,590,000 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,900,000 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of DoubleVerify

Hedge funds have recently added to or reduced their stakes in the business. Geneva Capital Management LLC raised its stake in DoubleVerify by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after buying an additional 19,684 shares during the period. Norges Bank bought a new stake in shares of DoubleVerify in the fourth quarter valued at about $33,957,000. JPMorgan Chase & Co. lifted its holdings in shares of DoubleVerify by 9.8% in the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock valued at $13,609,000 after purchasing an additional 63,196 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of DoubleVerify by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock valued at $18,694,000 after purchasing an additional 71,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after purchasing an additional 981 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Baird R W lowered DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Royal Bank of Canada decreased their price objective on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley decreased their price objective on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Barclays decreased their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.31.

DoubleVerify Stock Performance

DV traded up $0.29 during mid-day trading on Thursday, reaching $15.02. The stock had a trading volume of 4,498,918 shares, compared to its average volume of 2,337,608. The stock has a market capitalization of $2.44 billion, a P/E ratio of 40.58, a P/E/G ratio of 2.63 and a beta of 1.03. The firm's fifty day simple moving average is $13.28 and its two-hundred day simple moving average is $17.14. DoubleVerify has a 52 week low of $11.52 and a 52 week high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last posted 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). DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The company had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, analysts expect that DoubleVerify will post 0.36 EPS 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.