Clune & Associates LTD. Has $732,000 Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Clune & Associates LTD. raised its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 55.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,774 shares of the company's stock after buying an additional 19,572 shares during the period. Clune & Associates LTD.'s holdings in DoubleVerify were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake 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. Charles Schwab Investment Management Inc. lifted its holdings in DoubleVerify by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock worth $18,694,000 after buying an additional 71,000 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in DoubleVerify by 646.3% during the 4th quarter. Victory Capital Management Inc. now owns 207,203 shares of the company's stock worth $3,980,000 after buying an additional 179,439 shares in the last quarter. Townsend Asset Management Corp NC ADV lifted its holdings in DoubleVerify by 51.3% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 165,858 shares of the company's stock worth $3,186,000 after buying an additional 56,248 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in DoubleVerify by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after buying an additional 19,684 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Up 1.6%

DV traded up $0.25 during mid-day trading on Friday, hitting $15.37. The stock had a trading volume of 2,020,433 shares, compared to its average volume of 2,357,376. The stock's fifty day simple moving average is $14.21 and its 200-day simple moving average is $16.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 55.04, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last posted its 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). The firm had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $0.04 earnings per share. As a group, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on DV. Morgan Stanley reduced their price objective on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company set a $13.00 price objective on DoubleVerify and gave the stock an "underweight" rating in a report on Thursday, June 12th. Canaccord Genuity Group reduced their price objective on DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Royal Bank Of Canada reduced their price objective on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Baird R W downgraded shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.86.

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.