Bank of New York Mellon Corp reduced its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190,386 shares of the company's stock after selling 41,828 shares during the period. Bank of New York Mellon Corp owned 0.73% of DoubleVerify worth $15,915,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of DoubleVerify by 171.6% in 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 during the period. Allianz SE purchased a new stake in shares of DoubleVerify in the 4th quarter valued at approximately $41,000. Versant Capital Management Inc purchased a new stake in shares of DoubleVerify in the 1st quarter valued at approximately $40,000. Aster Capital Management DIFC Ltd grew its stake in shares of DoubleVerify by 50.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after buying an additional 1,317 shares during the period. Finally, Redwood Investments LLC purchased a new stake in shares of DoubleVerify in the 4th quarter valued at approximately $94,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on DV shares. The Goldman Sachs Group lowered their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research note on Monday, April 14th. JMP Securities restated a "market outperform" rating and set a $20.00 target price on shares of DoubleVerify in a research note on Thursday, June 12th. Baird R W lowered shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. BMO Capital Markets restated an "outperform" rating and set a $26.00 target price (up from $25.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of DoubleVerify in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.92.
Get Our Latest Stock Analysis on DoubleVerify
DoubleVerify Trading Up 0.9%
NYSE DV traded up $0.14 during mid-day trading on Tuesday, hitting $15.81. The company's stock had a trading volume of 712,159 shares, compared to its average volume of 2,337,220. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The stock's fifty day simple moving average is $14.57 and its two-hundred day simple moving average is $15.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. The firm has a market capitalization of $2.57 billion, a P/E ratio of 56.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.
DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings results 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 return on equity of 4.73% and a net margin of 7.55%. The company had revenue of $165.06 million during the quarter, compared to analysts' expectations of $153.07 million. During the same quarter in the prior year, the company earned $0.04 EPS. The firm's revenue was up 17.2% compared to the same quarter last year. Research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.
DoubleVerify Profile
(
Free Report)
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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