SG Americas Securities LLC Buys 39,324 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

SG Americas Securities LLC boosted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 669.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,200 shares of the company's stock after buying an additional 39,324 shares during the period. SG Americas Securities LLC's holdings in DoubleVerify were worth $604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. boosted its position in shares of DoubleVerify by 6.3% in the fourth quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock worth $184,000 after buying an additional 571 shares during the period. Smartleaf Asset Management LLC boosted its position in DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after acquiring an additional 981 shares during the period. Summit Creek Advisors LLC grew its stake in DoubleVerify by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company's stock valued at $7,080,000 after acquiring an additional 1,153 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of DoubleVerify by 31.2% in the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock valued at $98,000 after purchasing an additional 1,214 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings 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 during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Stock Performance

DoubleVerify stock traded down $0.14 during trading hours on Wednesday, reaching $14.69. 1,587,707 shares of the company were exchanged, compared to its average volume of 2,355,883. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11. 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 50-day moving average of $13.82 and a 200 day moving average of $16.57. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 52.46, a PEG ratio of 2.20 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The firm 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 company posted $0.04 earnings per share. DoubleVerify's quarterly revenue was up 17.2% on a year-over-year basis. As a group, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

DV has been the topic of a number of research analyst reports. Robert W. Baird reaffirmed a "neutral" rating and set a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Baird R W cut shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Morgan Stanley dropped their price target on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus lifted their price objective on DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group dropped their target price on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $18.86.

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.