New York State Common Retirement Fund raised its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 38.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 699,119 shares of the company's stock after purchasing an additional 192,692 shares during the period. New York State Common Retirement Fund owned about 0.43% of DoubleVerify worth $9,347,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position 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 valued at $39,000 after purchasing an additional 1,285 shares in the last quarter. Allianz SE acquired a new stake in shares of DoubleVerify during the 4th quarter valued at approximately $41,000. Versant Capital Management Inc acquired a new stake in shares of DoubleVerify during the 1st quarter valued at approximately $40,000. Aster Capital Management DIFC Ltd raised its position 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 valued at $75,000 after acquiring an additional 1,317 shares in the last quarter. Finally, Redwood Investments LLC bought a new position in DoubleVerify during the 4th quarter worth $94,000. 97.29% of the stock is owned by institutional investors and hedge funds.
DoubleVerify Stock Performance
Shares of NYSE DV remained flat at $15.38 during mid-day trading on Friday. The stock had a trading volume of 1,496,247 shares, compared to its average volume of 2,341,794. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.50 billion, a PE ratio of 54.93, a PEG ratio of 2.33 and a beta of 1.05. The company's fifty day moving average is $14.57 and its two-hundred day moving average is $15.98. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $23.11.
DoubleVerify (NYSE:DV - Get Free Report) last released its earnings results 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). DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The business had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. During the same period last year, the business earned $0.04 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.
Analysts Set New Price Targets
DV has been the subject of a number of recent research reports. Robert W. Baird restated a "neutral" rating and set a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Barclays decreased their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. BMO Capital Markets reissued an "outperform" rating and issued a $26.00 price target (up previously from $25.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price target on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, The Goldman Sachs Group decreased their price target on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, DoubleVerify has an average rating of "Moderate Buy" and a consensus target price of $18.92.
Get Our Latest Stock Analysis on DV
About DoubleVerify
(
Free Report)
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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