Banque Pictet & Cie SA Invests $360,000 in DoubleVerify Holdings, Inc. (NYSE:DV)

Banque Pictet & Cie SA purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,924 shares of the company's stock, valued at approximately $360,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in DoubleVerify in the 4th quarter valued at about $33,957,000. SG Americas Securities LLC raised its position in shares of DoubleVerify by 669.2% during the 1st quarter. SG Americas Securities LLC now owns 45,200 shares of the company's stock valued at $604,000 after buying an additional 39,324 shares during the period. JPMorgan Chase & Co. lifted its holdings in DoubleVerify by 9.8% in the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock valued at $13,609,000 after acquiring an additional 63,196 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in DoubleVerify by 36.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock worth $1,092,000 after acquiring an additional 21,829 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in DoubleVerify by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock worth $18,694,000 after acquiring an additional 71,000 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DV shares. Barclays decreased their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Craig Hallum reiterated a "buy" rating and set a $20.00 price target on shares of DoubleVerify in a research report on Monday. Raymond James Financial reduced their price target on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Morgan Stanley lowered their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Truist Financial reissued a "buy" rating and issued a $22.00 target price (up previously from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.92.

DoubleVerify Price Performance

DV stock opened at $15.38 on Friday. The business's 50-day moving average is $14.38 and its two-hundred day moving average is $16.19. 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 $2.50 billion, a P/E ratio of 54.93, a P/E/G ratio of 2.36 and a beta of 1.05. 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 released its 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). The firm had revenue of $165.06 million for the quarter, compared to analysts' expectations of $153.07 million. DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. Analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.

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