Teacher Retirement System of Texas Purchases New Shares in DoubleVerify Holdings, Inc. (NYSE:DV)

Teacher Retirement System of Texas bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,029 shares of the company's stock, valued at approximately $281,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in DoubleVerify in the fourth quarter valued at about $33,957,000. SG Americas Securities LLC increased its holdings in DoubleVerify by 669.2% in the first quarter. SG Americas Securities LLC now owns 45,200 shares of the company's stock valued at $604,000 after buying an additional 39,324 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in DoubleVerify by 9.8% in the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock valued at $13,609,000 after buying an additional 63,196 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in DoubleVerify by 36.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock valued at $1,092,000 after buying an additional 21,829 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in DoubleVerify by 68.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 97,140 shares of the company's stock valued at $1,299,000 after buying an additional 39,368 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DV. JMP Securities reiterated a "market outperform" rating and issued a $20.00 price objective on shares of DoubleVerify in a report on Thursday, June 12th. 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. Canaccord Genuity Group decreased their price target on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus increased 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. Finally, Robert W. Baird reiterated a "neutral" rating and set a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.92.

DoubleVerify Stock Performance

DoubleVerify stock traded up $0.01 during midday trading on Wednesday, reaching $15.70. 1,471,957 shares of the company's stock were exchanged, compared to its average volume of 2,345,064. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.72 and a current 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's 50-day simple moving average is $14.63 and its 200 day simple moving average is $15.93. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 56.08, a P/E/G ratio of 2.38 and a beta of 1.05.

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

About DoubleVerify

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.