DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 67.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 242,958 shares of the company's stock after selling 499,062 shares during the period. Cubist Systematic Strategies LLC owned about 0.14% of DoubleVerify worth $4,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DV. Smartleaf Asset Management LLC increased 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 purchasing an additional 981 shares in the last quarter. GAMMA Investing LLC increased its position in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after buying an additional 863 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after buying an additional 1,285 shares in the last quarter. Allianz SE purchased a new stake in DoubleVerify in the 4th quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd raised its position in DoubleVerify by 50.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock worth $75,000 after acquiring an additional 1,317 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 3.2%

DV traded up $0.45 during mid-day trading on Tuesday, hitting $14.71. 3,003,047 shares of the stock were exchanged, compared to its average volume of 2,367,010. The company has a market cap of $2.39 billion, a PE ratio of 39.76, a PEG ratio of 2.63 and a beta of 1.03. The firm's fifty day moving average is $13.45 and its two-hundred day moving average is $17.68. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DV shares. Robert W. Baird reiterated a "neutral" rating and issued a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Canaccord Genuity Group reduced their target price on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Bank of America upgraded shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Baird R W cut DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Finally, Royal Bank of Canada dropped their price target on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $19.31.

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.