ING Groep NV Acquires 124,800 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• ING Groep NV increased its stake in DoubleVerify Holdings, Inc. by 32.9% in Q1, acquiring an additional 124,800 shares, bringing its total to 503,900 shares valued at approximately $6.7 million.
• Several institutional investors significantly increased their holdings in DoubleVerify, with some like Quadrant Capital Group raising their position by over 171.6% in Q4.
• DoubleVerify reported a quarterly revenue of $165.06 million, exceeding expectations, but missed EPS estimates, posting only $0.01 compared to a consensus estimate of $0.02.

ING Groep NV grew its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 32.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 503,900 shares of the company's stock after acquiring an additional 124,800 shares during the quarter. ING Groep NV owned about 0.31% of DoubleVerify worth $6,737,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in shares of DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after buying an additional 1,285 shares in the last quarter. Signaturefd LLC raised its holdings in shares of DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after buying an additional 1,982 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of DoubleVerify during the 1st quarter worth $40,000. Aster Capital Management DIFC Ltd raised its holdings in shares of 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 in the last quarter. Finally, Redwood Investments LLC acquired a new position in shares of DoubleVerify during the 4th quarter worth $94,000. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Up 0.4%

NYSE:DV traded up $0.06 on Friday, hitting $14.89. The stock had a trading volume of 2,642,081 shares, compared to its average volume of 2,245,619. The business's fifty day moving average is $15.05 and its 200 day moving average is $15.59. The company has a market cap of $2.44 billion, a PE ratio of 51.35, a P/E/G ratio of 2.22 and a beta of 1.05. The company has a quick ratio of 3.72, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $189.02 million during the quarter, compared to the consensus estimate of $171.14 million. DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%. The firm's revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. On average, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DV shares. Craig Hallum reaffirmed a "buy" rating and issued a $20.00 target price on shares of DoubleVerify in a report on Monday, July 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $20.00 target price on shares of DoubleVerify in a report on Thursday, June 12th. Barclays upped their target price on DoubleVerify from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. raised DoubleVerify from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $18.00 to $19.00 in a report on Friday, August 1st. Finally, Truist Financial reaffirmed a "buy" rating and issued a $22.00 target price (up previously from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.13.

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.