Voloridge Investment Management LLC Trims Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Voloridge Investment Management LLC lessened its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,786,940 shares of the company's stock after selling 414,142 shares during the period. Voloridge Investment Management LLC owned about 1.06% of DoubleVerify worth $34,327,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DV. Geneva Capital Management LLC increased its stake in shares of DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after purchasing an additional 19,684 shares in the last quarter. Norges Bank purchased a new position in shares of DoubleVerify in the fourth quarter worth about $33,957,000. JPMorgan Chase & Co. increased its stake in shares of DoubleVerify by 9.8% in 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. increased its stake in shares of DoubleVerify by 7.9% in 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 increased its stake in shares of DoubleVerify by 168.0% in 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. Hedge funds and other institutional investors own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DV. Morgan Stanley reduced their target price on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus reduced their price objective on shares of DoubleVerify from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Baird R W cut shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Royal Bank of Canada reduced their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Cannonball Research cut shares of DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $19.31.

DoubleVerify Price Performance

DV stock traded up $0.16 during midday trading on Tuesday, reaching $13.29. The company had a trading volume of 442,258 shares, compared to its average volume of 2,299,911. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11. The company has a market capitalization of $2.16 billion, a P/E ratio of 35.89, a P/E/G ratio of 2.63 and a beta of 1.03. The firm has a 50-day moving average price of $13.31 and a 200-day moving average price of $17.40.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

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.