Bank of America Corp DE Sells 386,262 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of America Corp DE cut its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,207,550 shares of the company's stock after selling 386,262 shares during the quarter. Bank of America Corp DE owned approximately 0.71% of DoubleVerify worth $23,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DV. Norges Bank acquired a new position in DoubleVerify during the 4th quarter worth about $33,957,000. BNP Paribas Financial Markets acquired a new position in DoubleVerify during the 4th quarter worth about $31,579,000. Alta Fox Capital Management LLC acquired a new position in DoubleVerify during the 4th quarter worth about $24,267,000. Rockefeller Capital Management L.P. acquired a new position in DoubleVerify during the 4th quarter worth about $14,932,000. Finally, Goodman Financial Corp acquired a new position in DoubleVerify during the 4th quarter worth about $13,199,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

DV traded down $0.49 during midday trading on Friday, reaching $13.27. 540,333 shares of the company were exchanged, compared to its average volume of 2,305,393. The company's fifty day moving average price is $13.37 and its 200 day moving average price is $17.51. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on DV shares. Barclays dropped their price objective on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Loop Capital downgraded DoubleVerify from a "buy" rating to a "hold" rating and dropped their price objective for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Robert W. Baird reissued a "neutral" rating and issued a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Raymond James dropped their price objective on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank of Canada dropped 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. One 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 data from MarketBeat.com, DoubleVerify currently has an average rating of "Moderate Buy" and an average price target 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.