Van Berkom & Associates Inc. Has $46.61 Million Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• Van Berkom & Associates Inc. reduced its holdings in DoubleVerify by 0.5%, owning 3,486,299 shares worth approximately $46.6 million as of the end of the first quarter.
• DoubleVerify's stock experienced a 0.9% increase, opening at $15.71, with a market cap of $2.55 billion and a price-to-earnings ratio of 56.12.
• Despite the stock's growth, DoubleVerify reported disappointing Q1 earnings, missing analysts' estimates with $0.01 EPS compared to the forecast of $0.02.

Van Berkom & Associates Inc. cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,486,299 shares of the company's stock after selling 18,142 shares during the period. Van Berkom & Associates Inc. owned about 2.15% of DoubleVerify worth $46,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DV. Federated Hermes Inc. boosted its position in DoubleVerify by 6.3% in the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock valued at $184,000 after buying an additional 571 shares during the period. Sterling Capital Management LLC boosted its position in DoubleVerify by 31.2% in the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock valued at $98,000 after buying an additional 1,214 shares during the period. Quadrant Capital Group LLC boosted its position in DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after buying an additional 1,285 shares during the period. Aster Capital Management DIFC Ltd boosted its position in DoubleVerify by 50.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after buying an additional 1,317 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in DoubleVerify by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock valued at $7,300,000 after buying an additional 1,779 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DV. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a research report on Thursday, June 12th. Stifel Nicolaus upped their price target on shares of DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. The Goldman Sachs Group lowered their price target on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $20.00 price target on shares of DoubleVerify in a research report on Thursday, June 12th. Finally, Craig Hallum reaffirmed a "buy" rating and issued a $20.00 price target on shares of DoubleVerify in a research report on Monday, July 7th. One research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.92.

DoubleVerify Stock Up 1.8%

DV traded up $0.28 during trading on Monday, hitting $15.99. The company had a trading volume of 1,389,319 shares, compared to its average volume of 2,456,384. The company has a market cap of $2.60 billion, a PE ratio of 57.11, a P/E/G ratio of 2.38 and a beta of 1.05. The business has a 50-day moving average of $14.68 and a 200-day moving average of $15.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. 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 issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The business had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same period last year, the company posted $0.04 earnings per share. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.