Kornitzer Capital Management Inc. KS Sells 25,000 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Kornitzer Capital Management Inc. KS lessened its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 961,813 shares of the company's stock after selling 25,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.59% of DoubleVerify worth $12,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its position in DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after buying an additional 1,982 shares during the period. Quadrant Capital Group LLC boosted its position in DoubleVerify by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after buying an additional 1,285 shares during the period. Versant Capital Management Inc purchased a new stake in DoubleVerify during the first quarter valued at about $40,000. Allianz SE purchased a new stake in DoubleVerify during the fourth quarter valued at about $41,000. Finally, Aster Capital Management DIFC Ltd boosted its position in DoubleVerify by 50.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after buying an additional 1,317 shares during the period. Institutional investors own 97.29% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on DV. Wells Fargo & Company set a $13.00 price target on shares of DoubleVerify and gave the company an "underweight" rating in a research report on Thursday, June 12th. Raymond James Financial cut their price target on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Truist Financial reiterated a "buy" rating and set a $22.00 target price (up from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. Barclays dropped their target price on shares of DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Royal Bank Of Canada dropped their target price on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $18.92.

DoubleVerify Stock Down 0.3%

DV traded down $0.05 on Tuesday, hitting $14.88. The company had a trading volume of 2,404,489 shares, compared to its average volume of 2,354,436. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The stock has a fifty day simple moving average of $14.44 and a 200-day simple moving average of $16.07. The firm has a market capitalization of $2.42 billion, a P/E ratio of 53.32, a P/E/G ratio of 2.26 and a beta of 1.05.

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

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.