Teacher Retirement System of Texas bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,029 shares of the company's stock, valued at approximately $281,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of DoubleVerify by 10.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,312 shares of the company's stock worth $774,000 after acquiring an additional 3,740 shares during the period. Sei Investments Co. raised its position in shares of DoubleVerify by 2.8% in the fourth quarter. Sei Investments Co. now owns 412,668 shares of the company's stock worth $7,927,000 after acquiring an additional 11,342 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of DoubleVerify in the fourth quarter worth about $576,000. LPL Financial LLC raised its position in shares of DoubleVerify by 15.3% in the fourth quarter. LPL Financial LLC now owns 31,123 shares of the company's stock worth $598,000 after acquiring an additional 4,123 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of DoubleVerify by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock worth $335,816,000 after acquiring an additional 143,773 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently weighed in on DV. Robert W. Baird restated a "neutral" rating and set a $14.00 price target (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. JMP Securities reaffirmed a "market outperform" rating and set a $20.00 price objective on shares of DoubleVerify in a research note on Thursday, June 12th. 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. Wells Fargo & Company set a $13.00 price target on shares of DoubleVerify and gave the company an "underweight" rating in a research note on Thursday, June 12th. Finally, Truist Financial reissued a "buy" rating and issued a $22.00 price target (up previously from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.92.
Check Out Our Latest Research Report on DoubleVerify
DoubleVerify Stock Up 0.9%
DV stock traded up $0.14 during midday trading on Tuesday, hitting $15.81. The company's stock had a trading volume of 712,159 shares, compared to its average volume of 2,337,220. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The firm has a 50-day simple moving average of $14.57 and a 200-day simple moving average of $15.96. The firm has a market capitalization of $2.57 billion, a P/E ratio of 56.41, a PEG ratio of 2.33 and a beta of 1.05. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.01.
DoubleVerify (NYSE:DV - Get Free Report) last released 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 analysts' expectations of $153.07 million. During the same period last year, the firm posted $0.04 earnings per share. DoubleVerify's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.
DoubleVerify Profile
(
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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