ING Groep NV Has $6.74 Million Stock Holdings in 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 increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 503,900 shares of the company's stock after purchasing an additional 124,800 shares during the quarter. ING Groep NV owned approximately 0.31% of DoubleVerify worth $6,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in shares of DoubleVerify by 171.6% in the fourth 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. Signaturefd LLC raised its stake in shares of DoubleVerify by 582.9% in the first 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. Versant Capital Management Inc acquired a new position in shares of DoubleVerify in the first quarter valued at $40,000. Aster Capital Management DIFC Ltd raised its stake in shares of DoubleVerify by 50.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Redwood Investments LLC acquired a new position in shares of DoubleVerify in the fourth quarter valued at $94,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on DV shares. 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 research report on Monday, April 14th. Barclays upped their price target on DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Wednesday. JMP Securities reiterated a "market outperform" rating and issued a $20.00 price target on shares of DoubleVerify in a research report on Thursday, June 12th. Truist Financial reiterated a "buy" rating and issued a $22.00 price target (up from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. Finally, Craig Hallum restated a "buy" rating and set a $20.00 target price on shares of DoubleVerify in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Trading Up 2.6%

DV traded up $0.41 during midday trading on Wednesday, reaching $15.89. 5,298,376 shares of the company were exchanged, compared to its average volume of 1,954,320. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.72 and a current ratio of 3.72. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11. The stock has a market capitalization of $2.58 billion, a P/E ratio of 54.78, a PEG ratio of 2.34 and a beta of 1.05. The stock's 50-day simple moving average is $14.95 and its 200 day simple moving average is $15.66.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $189.02 million during the quarter, compared to analyst estimates of $171.14 million. DoubleVerify had a net margin of 7.38% and a return on equity of 4.87%. DoubleVerify's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal 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.