19,270 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Bought by PharVision Advisers LLC

PharVision Advisers LLC purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,270 shares of the company's stock, valued at approximately $370,000.

Several other hedge funds also recently added to or reduced their stakes in DV. Federated Hermes Inc. lifted its holdings in shares of DoubleVerify by 6.3% in the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock valued at $184,000 after buying an additional 571 shares during the period. Smartleaf Asset Management LLC raised its position in DoubleVerify by 168.0% during the fourth 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 in the last quarter. Summit Creek Advisors LLC lifted its holdings in DoubleVerify by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company's stock valued at $7,080,000 after acquiring an additional 1,153 shares during the period. Sterling Capital Management LLC boosted its position in DoubleVerify by 31.2% in the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock worth $98,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after purchasing an additional 1,285 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Price Performance

DV opened at $14.13 on Wednesday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The company's 50 day simple moving average is $13.40 and its two-hundred day simple moving average is $17.57. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 net margin of 10.33% and a return on equity of 5.99%. DoubleVerify'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 posted $0.04 EPS. On average, equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Raymond James decreased their target price on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Cannonball Research cut shares of DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Robert W. Baird reissued a "neutral" rating and set a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Stifel Nicolaus dropped their target price on DoubleVerify from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays reduced their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.31.

DoubleVerify Company 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.

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