DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,481,356 shares of the company's stock after selling 202,205 shares during the quarter. Riverbridge Partners LLC owned about 1.53% of DoubleVerify worth $33,176,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geneva Capital Management LLC lifted its position in DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after buying an additional 19,684 shares during the last quarter. Norges Bank acquired a new stake in shares of DoubleVerify during the fourth quarter worth about $33,957,000. JPMorgan Chase & Co. lifted its position in shares of DoubleVerify by 9.8% during the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock worth $13,609,000 after purchasing an additional 63,196 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of DoubleVerify by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock worth $18,694,000 after purchasing an additional 71,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after purchasing an additional 981 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Stock Performance

Shares of DV opened at $14.17 on Friday. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.30 billion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company's 50 day simple moving average is $13.69 and its 200-day simple moving average is $16.73. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Robert W. Baird reissued a "neutral" rating and set a $14.00 price target (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Morgan Stanley cut their target price on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. JMP Securities restated a "market outperform" rating and set a $20.00 target price on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.86.

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.

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