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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new stake in shares of DoubleVerify in the 1st quarter worth $175,000. ZWJ Investment Counsel Inc. boosted its position in shares of DoubleVerify by 224.3% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 1,108,706 shares of the company's stock worth $14,823,000 after purchasing an additional 766,802 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of DoubleVerify in the 1st quarter worth $281,000. Clune & Associates LTD. boosted its position in shares of DoubleVerify by 55.6% in the 1st quarter. Clune & Associates LTD. now owns 54,774 shares of the company's stock worth $732,000 after purchasing an additional 19,572 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of DoubleVerify by 36.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock worth $1,092,000 after purchasing an additional 21,829 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

Shares of NYSE DV traded down $0.77 during trading on Friday, reaching $14.63. 2,107,544 shares of the company traded hands, compared to its average volume of 2,359,148. The firm's fifty day simple moving average is $14.38 and its 200 day simple moving average is $16.19. The stock has a market cap of $2.38 billion, a P/E ratio of 55.00, a PEG ratio of 2.33 and a beta of 1.05. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The business 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 firm earned $0.04 EPS. DoubleVerify's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

DV has been the subject of a number of recent analyst reports. BMO Capital Markets reissued an "outperform" rating and issued a $26.00 price objective (up previously from $25.00) on shares of DoubleVerify in a research report on Thursday, June 12th. Barclays lowered their price objective on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Royal Bank Of Canada lowered their price target on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company set a $13.00 price target on DoubleVerify and gave the stock an "underweight" rating in a research report on Thursday, June 12th. Finally, Morgan Stanley lowered their price target on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, DoubleVerify has an average rating of "Moderate Buy" and an average price target of $18.92.

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.