Burgundy Asset Management Ltd. Purchases 2,073,279 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Burgundy Asset Management Ltd. grew its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 73.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,906,913 shares of the company's stock after purchasing an additional 2,073,279 shares during the period. Burgundy Asset Management Ltd. owned 2.90% of DoubleVerify worth $94,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DV. Smartleaf Asset Management LLC boosted its position in shares of DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after acquiring an additional 981 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of DoubleVerify by 171.6% during 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 acquired a new stake in shares of DoubleVerify during the 4th quarter worth $41,000. Aster Capital Management DIFC Ltd boosted its holdings in DoubleVerify by 50.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Redwood Investments LLC purchased a new stake in DoubleVerify during the fourth quarter worth approximately $94,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 0.2%

NYSE:DV traded up $0.03 during trading hours on Wednesday, hitting $13.53. 428,676 shares of the stock traded hands, compared to its average volume of 2,298,898. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 2.63 and a beta of 1.03. The firm has a 50 day moving average price of $13.30 and a 200 day moving average price of $17.38. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last posted 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 5.99% and a net margin of 10.33%. The company had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. During the same period last year, the company posted $0.04 earnings per share. The company's revenue was up 17.2% compared to the same quarter last year. Research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley cut their price objective on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Loop Capital downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating and lowered their price objective for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Baird R W downgraded shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. The Goldman Sachs Group decreased their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada dropped their target price on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, DoubleVerify presently has an average rating of "Moderate Buy" and an average price target of $19.31.

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.