Ashford Capital Management Inc. Lowers Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Ashford Capital Management Inc. decreased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 557,530 shares of the company's stock after selling 183,350 shares during the quarter. DoubleVerify comprises about 1.3% of Ashford Capital Management Inc.'s portfolio, making the stock its 28th largest holding. Ashford Capital Management Inc. owned approximately 0.33% of DoubleVerify worth $10,710,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. purchased a new position in DoubleVerify during the 4th quarter valued at approximately $6,568,000. Fort Washington Investment Advisors Inc. OH boosted its position in shares of DoubleVerify by 19.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,010,596 shares of the company's stock valued at $19,414,000 after acquiring an additional 161,170 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of DoubleVerify in the fourth quarter valued at $113,000. Janney Montgomery Scott LLC bought a new stake in DoubleVerify in the fourth quarter worth $475,000. Finally, KBC Group NV increased its position in DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company's stock worth $125,000 after purchasing an additional 1,494 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Trading Down 0.8%

NYSE DV opened at $14.12 on Tuesday. The stock has a market cap of $2.29 billion, a PE ratio of 38.16, a PEG ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11. The company's 50-day moving average price is $13.40 and its 200-day moving average price is $17.59.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings data 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 company had revenue of $165.06 million during 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%. DoubleVerify's quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. As a group, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DV shares. Raymond James lowered their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Royal Bank of Canada reduced 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. The Goldman Sachs Group lowered their price objective on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Cannonball Research downgraded DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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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