DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 25.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 750,192 shares of the company's stock after selling 260,404 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.45% of DoubleVerify worth $10,030,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in DoubleVerify in the fourth quarter valued at $113,000. State of New Jersey Common Pension Fund D increased its holdings in shares of DoubleVerify by 7.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 108,878 shares of the company's stock valued at $2,092,000 after purchasing an additional 7,208 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of DoubleVerify by 14.8% in the fourth quarter. New York State Common Retirement Fund now owns 506,427 shares of the company's stock valued at $9,728,000 after purchasing an additional 65,270 shares during the period. Alberta Investment Management Corp purchased a new stake in DoubleVerify during the fourth quarter worth about $5,844,000. Finally, Ieq Capital LLC grew its position in DoubleVerify by 725.7% during the fourth quarter. Ieq Capital LLC now owns 191,683 shares of the company's stock worth $3,682,000 after buying an additional 168,468 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Price Performance

DV stock traded down $0.44 during midday trading on Friday, hitting $14.48. The stock had a trading volume of 2,493,356 shares, compared to its average volume of 2,373,779. The company's 50-day moving average price is $13.52 and its 200 day moving average price is $16.94. The firm has a market cap of $2.35 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. DoubleVerify's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. As a group, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group lowered their price target on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. BMO Capital Markets raised their price target on DoubleVerify from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Thursday. Truist Financial reaffirmed a "buy" rating and set a $22.00 price target (up previously from $21.00) on shares of DoubleVerify in a research note on Thursday. Finally, Baird R W lowered shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.