Principal Financial Group Inc. Sells 64,696 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Principal Financial Group Inc. cut its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,913,846 shares of the company's stock after selling 64,696 shares during the quarter. Principal Financial Group Inc. owned 1.18% of DoubleVerify worth $25,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DV. ZWJ Investment Counsel Inc. grew its holdings in shares of DoubleVerify by 224.3% during the first quarter. ZWJ Investment Counsel Inc. now owns 1,108,706 shares of the company's stock valued at $14,823,000 after buying an additional 766,802 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in DoubleVerify during the 1st quarter valued at about $281,000. Clune & Associates LTD. increased its holdings in shares of DoubleVerify by 55.6% in the 1st quarter. Clune & Associates LTD. now owns 54,774 shares of the company's stock valued at $732,000 after purchasing an additional 19,572 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of DoubleVerify by 36.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock worth $1,092,000 after purchasing an additional 21,829 shares in the last quarter. Finally, Lumbard & Kellner LLC boosted its holdings in shares of DoubleVerify by 56.9% during the first quarter. Lumbard & Kellner LLC now owns 247,150 shares of the company's stock worth $3,304,000 after purchasing an additional 89,599 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DV has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $26.00 price target (up from $25.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Barclays reduced their price objective on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Truist Financial reaffirmed a "buy" rating and issued a $22.00 target price (up from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. Finally, Stifel Nicolaus boosted their price target on DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.92.

DoubleVerify Stock Performance

NYSE:DV traded down $0.77 during mid-day trading on Friday, hitting $14.63. 2,107,544 shares of the company's stock traded hands, compared to its average volume of 2,361,625. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 52.25, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. The firm has a 50 day moving average of $14.41 and a two-hundred day moving average of $16.13. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11.

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