DoubleVerify Holdings, Inc. (NYSE:DV) Shares Acquired by South Dakota Investment Council

South Dakota Investment Council boosted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 53.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,719 shares of the company's stock after acquiring an additional 38,700 shares during the quarter. South Dakota Investment Council owned 0.07% of DoubleVerify worth $1,480,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 143,773 shares in the last quarter. Mackenzie Financial Corp increased its position in DoubleVerify by 20.1% in the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company's stock worth $108,753,000 after purchasing an additional 948,529 shares during the period. Burgundy Asset Management Ltd. increased its position in DoubleVerify by 73.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after purchasing an additional 2,073,279 shares during the period. AQR Capital Management LLC increased its position in DoubleVerify by 29.5% in the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock worth $50,002,000 after purchasing an additional 592,435 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in DoubleVerify by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company's stock worth $40,754,000 after purchasing an additional 10,803 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Price Performance

DoubleVerify stock traded down $0.05 during midday trading on Thursday, hitting $15.66. 413,504 shares of the company's stock were exchanged, compared to its average volume of 2,459,443. 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 quick ratio of 3.72 and a current ratio of 3.72. The stock has a 50-day moving average price of $14.63 and a two-hundred day moving average price of $15.93. The company has a market cap of $2.54 billion, a P/E ratio of 55.91, a PEG ratio of 2.38 and a beta of 1.05.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The business had revenue of $165.06 million during the quarter, compared to analysts' expectations of $153.07 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. DoubleVerify's revenue was up 17.2% on a year-over-year basis. On average, equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on DV shares. Baird R W lowered DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Craig Hallum reiterated a "buy" rating and issued a $20.00 price objective on shares of DoubleVerify in a research report on Monday, July 7th. Morgan Stanley lowered their price objective on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus raised their target price on DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, BMO Capital Markets restated an "outperform" rating and set a $26.00 target price (up previously 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 issued a buy rating to the company's stock. According to MarketBeat.com, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus target price 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.