Crestwood Capital Management L.P. Has $6.34 Million Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• Crestwood Capital Management L.P. increased its holdings in DoubleVerify Holdings, Inc. by 46.3%, owning 474,157 shares after purchasing an additional 150,000 shares, making it their 8th largest position.
• Several institutional investors, including SG Americas Securities LLC and Oppenheimer Asset Management Inc., significantly increased their positions in DoubleVerify during the first quarter, showcasing strong interest in the stock.
• Analysts have set a consensus price target of $19.13 for DoubleVerify shares, with a mixed rating of 14 buy and 1 sell, reflecting varied investor sentiment.

Crestwood Capital Management L.P. boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 474,157 shares of the company's stock after buying an additional 150,000 shares during the quarter. DoubleVerify makes up about 4.9% of Crestwood Capital Management L.P.'s investment portfolio, making the stock its 8th biggest holding. Crestwood Capital Management L.P. owned approximately 0.29% of DoubleVerify worth $6,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Federated Hermes Inc. lifted its stake in DoubleVerify by 6.3% in the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock valued at $184,000 after purchasing an additional 571 shares during the last quarter. Covestor Ltd grew its position in shares of DoubleVerify by 13.9% in the 1st quarter. Covestor Ltd now owns 7,291 shares of the company's stock worth $97,000 after buying an additional 889 shares during the period. Sterling Capital Management LLC lifted its stake in DoubleVerify by 31.2% during the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock valued at $98,000 after acquiring an additional 1,214 shares during the period. Nuveen Asset Management LLC raised its position in shares of DoubleVerify by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock valued at $7,300,000 after buying an additional 1,779 shares during the last quarter. Finally, Signaturefd LLC increased its position in DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after acquiring an additional 1,982 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded up $0.46 during trading on Friday, reaching $15.84. The company's stock had a trading volume of 2,187,419 shares, compared to its average volume of 2,330,256. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.59 billion, a PE ratio of 54.62, a P/E/G ratio of 2.37 and a beta of 1.05. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The business's 50-day moving average price is $15.13 and its 200-day moving average price is $15.39.

DoubleVerify (NYSE:DV - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $189.02 million during the quarter, compared to the consensus estimate of $171.14 million. DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. Equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on DV shares. Wells Fargo & Company set a $13.00 price target on DoubleVerify and gave the stock an "underweight" rating in a report on Thursday, June 12th. Raymond James Financial lowered their price target on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. upgraded DoubleVerify from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $18.00 to $19.00 in a research report on Friday, August 1st. JMP Securities restated a "market outperform" rating and set a $20.00 price objective on shares of DoubleVerify in a report on Thursday, June 12th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.

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.