Kolinsky Wealth Management LLC Acquires Shares of 18,055 DoubleVerify Holdings, Inc. (NYSE:DV)

Kolinsky Wealth Management LLC acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,055 shares of the company's stock, valued at approximately $347,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in DoubleVerify in the 4th quarter valued at about $33,957,000. BNP Paribas Financial Markets acquired a new position in DoubleVerify during the fourth quarter valued at approximately $31,579,000. Alta Fox Capital Management LLC bought a new stake in DoubleVerify during the fourth quarter worth $24,267,000. Rockefeller Capital Management L.P. acquired a new stake in shares of DoubleVerify in the 4th quarter valued at $14,932,000. Finally, Goodman Financial Corp bought a new position in shares of DoubleVerify in the 4th quarter valued at $13,199,000. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Up 0.2%

Shares of NYSE DV opened at $14.13 on Wednesday. The company has a market capitalization of $2.30 billion, a PE ratio of 38.19, a PEG ratio of 2.63 and a beta of 1.03. The stock's 50 day moving average price is $13.40 and its 200-day moving average price is $17.57. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The business had revenue of $165.06 million for 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 for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

DV has been the topic of a number of recent analyst reports. Raymond James decreased their target price on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Stifel Nicolaus reduced their price objective on shares of DoubleVerify from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Canaccord Genuity Group lowered their price objective on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $18.00 target price on shares of DoubleVerify in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.31.

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.

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