Motley Fool Asset Management LLC Has $659,000 Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• Motley Fool Asset Management LLC increased its stake in DoubleVerify Holdings, Inc. by 119.0% during the 1st quarter, owning a total of 49,304 shares worth $659,000.
• Several investors, including Signaturefd LLC and Headlands Technologies LLC, significantly increased their holdings in DoubleVerify, with institutional investors currently owning 97.29% of the stock.
• Analysts have largely maintained a "buy" rating for DoubleVerify, with current price targets ranging from $18.00 to $22.00 and a consensus target price of $19.13.

Motley Fool Asset Management LLC lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 119.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,304 shares of the company's stock after purchasing an additional 26,794 shares during the quarter. Motley Fool Asset Management LLC's holdings in DoubleVerify were worth $659,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DV. Burgundy Asset Management Ltd. boosted its stake in DoubleVerify by 73.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after acquiring an additional 2,073,279 shares during the last quarter. Federated Hermes Inc. increased its holdings in DoubleVerify by 17,284.0% during the first quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company's stock worth $22,245,000 after buying an additional 1,654,250 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in DoubleVerify in the 4th quarter worth about $31,579,000. Alta Fox Capital Management LLC bought a new stake in DoubleVerify during the fourth quarter worth about $24,267,000. Finally, Vanguard Group Inc. raised its holdings in DoubleVerify by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company's stock valued at $246,891,000 after buying an additional 984,779 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Up 3.0%

DoubleVerify stock traded up $0.46 during midday trading on Friday, hitting $15.84. The stock had a trading volume of 2,186,310 shares, compared to its average volume of 2,464,919. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.59 billion, a P/E ratio of 54.62, a P/E/G ratio of 2.30 and a beta of 1.05. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11. The business has a fifty day moving average price of $15.11 and a 200 day moving average price of $15.46.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DV shares. Canaccord Genuity Group reduced their target price on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Craig Hallum reissued a "buy" rating and set a $20.00 price objective on shares of DoubleVerify in a research report on Monday, July 7th. JPMorgan Chase & Co. upgraded DoubleVerify from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $18.00 to $19.00 in a report on Friday, August 1st. Truist Financial restated a "buy" rating and set a $22.00 price target (up from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.