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

Bridges Investment Management Inc. lifted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 111.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,004 shares of the company's stock after purchasing an additional 30,030 shares during the quarter. 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 DV. Vanguard Group Inc. lifted its holdings in DoubleVerify by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock valued at $335,816,000 after acquiring an additional 143,773 shares during the period. Mackenzie Financial Corp lifted its stake in shares of DoubleVerify by 20.1% in the fourth 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 period. Burgundy Asset Management Ltd. boosted its holdings in DoubleVerify by 73.2% during the fourth 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 in the last quarter. AQR Capital Management LLC grew its position in DoubleVerify by 29.5% during the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock worth $50,002,000 after buying an additional 592,435 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in DoubleVerify by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company's stock valued at $40,754,000 after buying an additional 10,803 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Down 5.0%

NYSE:DV traded down $0.77 during trading hours on Friday, reaching $14.63. 2,107,544 shares of the company were exchanged, compared to its average volume of 2,359,149. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 52.25, a PEG ratio of 2.33 and a beta of 1.05. The stock has a 50 day simple moving average of $14.41 and a 200 day simple moving average of $16.15. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72.

DoubleVerify (NYSE:DV - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. DoubleVerify's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

DV has been the topic of a number of research reports. Stifel Nicolaus upped their price target on DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Royal Bank Of Canada dropped 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. Baird R W downgraded DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. The Goldman Sachs Group lowered their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, BMO Capital Markets restated an "outperform" rating and set a $26.00 target price (up from $25.00) on shares of DoubleVerify in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.92.

About DoubleVerify

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.