Envestnet Asset Management Inc. Has $4.73 Million Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Envestnet Asset Management Inc. lowered its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 47.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 353,922 shares of the company's stock after selling 321,353 shares during the quarter. Envestnet Asset Management Inc. owned about 0.22% of DoubleVerify worth $4,732,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Federated Hermes Inc. lifted its holdings in DoubleVerify by 6.3% during the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock worth $184,000 after buying an additional 571 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of DoubleVerify by 31.2% in the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock worth $98,000 after purchasing an additional 1,214 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings 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 worth $39,000 after purchasing an additional 1,285 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of DoubleVerify by 50.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock worth $75,000 after purchasing an additional 1,317 shares during the last quarter. Finally, Nuveen Asset Management LLC increased 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 acquiring an additional 1,779 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Analysts Set New Price Targets

DV has been the topic of several analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $26.00 target price (up from $25.00) on shares of DoubleVerify in a research report on Thursday, June 12th. Canaccord Genuity Group lowered their target price on DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price target on shares of DoubleVerify in a research report on Thursday, June 12th. Barclays lowered their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley lowered their price target on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.92.

DoubleVerify Stock Up 0.9%

DV traded up $0.13 during trading on Friday, reaching $15.71. 2,194,710 shares of the stock traded hands, compared to its average volume of 1,883,411. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 56.12, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $23.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. The stock's 50-day simple moving average is $14.68 and its two-hundred day simple moving average is $15.88.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The firm had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. DoubleVerify's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS. As a group, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

About DoubleVerify

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.