Van Berkom & Associates Inc. Has $46.61 Million 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. reduced its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of DoubleVerify by 582.9% in the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after purchasing an additional 1,982 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of 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 purchasing an additional 1,285 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of DoubleVerify in the 1st quarter valued at approximately $40,000. Allianz SE acquired a new stake in shares of DoubleVerify in the 4th quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd boosted its position in DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock worth $75,000 after buying an additional 1,317 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Up 1.3%

Shares of NYSE:DV traded up $0.20 during mid-day trading on Wednesday, hitting $15.66. The company had a trading volume of 491,747 shares, compared to its average volume of 2,437,037. The firm has a fifty day moving average price of $14.75 and a 200 day moving average price of $15.79. The company has a market capitalization of $2.55 billion, a PE ratio of 55.91, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05. 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 one year low of $11.52 and a one year high of $23.11.

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). DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The company had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business's revenue was up 17.2% compared to the same quarter last year. As a group, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DV shares. Stifel Nicolaus lifted their target price 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. Craig Hallum reiterated a "buy" rating and set a $20.00 target price on shares of DoubleVerify in a research report on Monday, July 7th. Royal Bank Of Canada cut their target price on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group cut their target price 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. Finally, Raymond James Financial cut their target price on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.