Bridges Investment Management Inc. Boosts Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Bridges Investment Management Inc. lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 111.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,004 shares of the company's stock after purchasing an additional 30,030 shares during the period. Bridges Investment Management Inc.'s holdings in DoubleVerify were worth $762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Burgundy Asset Management Ltd. lifted its holdings in DoubleVerify by 73.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after buying an additional 2,073,279 shares during the last quarter. Norges Bank purchased a new stake in DoubleVerify during the 4th quarter worth about $33,957,000. BNP Paribas Financial Markets purchased a new stake in DoubleVerify during the 4th quarter worth about $31,579,000. Alta Fox Capital Management LLC purchased a new stake in shares of DoubleVerify in the 4th quarter valued at about $24,267,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of DoubleVerify by 20.1% in the 4th quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company's stock valued at $108,753,000 after purchasing an additional 948,529 shares during the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Price Performance

Shares of NYSE:DV traded down $0.22 during trading on Thursday, hitting $15.38. 1,262,032 shares of the stock were exchanged, compared to its average volume of 2,356,895. The company has a fifty day moving average price of $14.34 and a two-hundred day moving average price of $16.22. The company has a market cap of $2.50 billion, a PE ratio of 54.93, a P/E/G ratio of 2.34 and a beta of 1.05. 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 Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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%. DoubleVerify's revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. On average, analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

DV has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and issued a $18.00 target price on shares of DoubleVerify in a report on Thursday, June 12th. JMP Securities reissued a "market outperform" rating and issued a $20.00 target price on shares of DoubleVerify in a report on Thursday, June 12th. Baird R W downgraded DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Craig Hallum reissued a "buy" rating and issued a $20.00 target price on shares of DoubleVerify in a report on Monday. Finally, BMO Capital Markets restated an "outperform" rating and issued a $26.00 price target (up previously from $25.00) on shares of DoubleVerify in a research report on Thursday, June 12th. One equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.92.

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.