Teza Capital Management LLC Lowers Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Teza Capital Management LLC lessened its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,154 shares of the company's stock after selling 18,549 shares during the quarter. Teza Capital Management LLC's holdings in DoubleVerify were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after buying an additional 981 shares during the last quarter. Quadrant Capital Group LLC raised its position in DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after buying an additional 1,285 shares during the last quarter. Allianz SE purchased a new position in DoubleVerify in the 4th quarter worth about $41,000. Aster Capital Management DIFC Ltd raised its position in DoubleVerify by 50.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock worth $75,000 after buying an additional 1,317 shares during the last quarter. Finally, Redwood Investments LLC purchased a new position in DoubleVerify in the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

DoubleVerify Price Performance

Shares of DV opened at $14.13 on Wednesday. The company has a 50 day simple moving average of $13.40 and a two-hundred day simple moving average of $17.57. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11. The firm has a market cap of $2.30 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The business had revenue of $165.06 million during the quarter, compared to analysts' expectations of $153.07 million. During the same period last year, the business posted $0.04 earnings per share. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Baird R W lowered DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price objective on shares of DoubleVerify in a research note on Monday, May 12th. Loop Capital lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and reduced their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Morgan Stanley reduced their target price on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, DoubleVerify has a consensus rating of "Moderate Buy" and an average price target of $19.31.

DoubleVerify Company 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.

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