DoubleVerify Holdings, Inc. (NYSE:DV) Holdings Lifted by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its holdings in DoubleVerify Holdings, Inc. by 28.9%, owning approximately 267,105 shares valued at $3.57 million as of its latest SEC filing.
• The stock has traded between $11.52 and $23.11 over the last year, currently priced at $15.99, while having a market cap of $2.60 billion.
• Analysts have mixed ratings for the stock, with a consensus rating of "Moderate Buy" and an average price target of $18.92 following updates from several research firms.

Victory Capital Management Inc. lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 28.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,105 shares of the company's stock after acquiring an additional 59,902 shares during the quarter. Victory Capital Management Inc. owned about 0.16% of DoubleVerify worth $3,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DV. Vanguard Group Inc. lifted its holdings in DoubleVerify by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock worth $335,816,000 after buying an additional 143,773 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in DoubleVerify by 20.1% in the 4th quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company's stock worth $108,753,000 after buying an additional 948,529 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in DoubleVerify by 73.2% in the 4th 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 lifted its holdings in DoubleVerify by 29.5% in the 4th 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in DoubleVerify by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company's stock worth $40,754,000 after buying an additional 10,803 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Stock Performance

DV traded down $0.21 on Thursday, hitting $15.36. 445,529 shares of the company's stock were exchanged, compared to its average volume of 2,428,299. The firm has a market cap of $2.50 billion, a PE ratio of 54.80, a P/E/G ratio of 2.34 and a beta of 1.05. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11. The stock has a fifty day moving average of $14.79 and a two-hundred day moving average of $15.79. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings data 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 business had revenue of $165.06 million for 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%. DoubleVerify's revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. On average, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on DV. Royal Bank Of Canada cut their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group cut their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Raymond James Financial cut their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $26.00 target price (up previously from $25.00) on shares of DoubleVerify in a research report on Thursday, June 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, DoubleVerify has an average rating of "Moderate Buy" and a consensus target price of $18.92.

DoubleVerify 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.