DoubleVerify Holdings, Inc. (NYSE:DV) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,471 shares of the company's stock after buying an additional 38,890 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of DoubleVerify worth $8,039,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after buying an additional 981 shares in the last quarter. Quadrant Capital Group LLC increased its stake 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 worth $39,000 after acquiring an additional 1,285 shares during the last quarter. Allianz SE purchased a new position in shares of DoubleVerify during the 4th quarter worth $41,000. Aster Capital Management DIFC Ltd boosted its position in shares of DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Redwood Investments LLC purchased a new stake in shares of DoubleVerify in the fourth quarter valued at about $94,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

NYSE DV traded up $0.69 during trading on Tuesday, reaching $14.27. 1,685,615 shares of the company's stock were exchanged, compared to its average volume of 2,312,861. The company has a 50 day moving average price of $13.24 and a two-hundred day moving average price of $17.18. The stock has a market cap of $2.32 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) 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 analyst estimates of $153.07 million. During the same period last year, the company earned $0.04 earnings per share. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. Research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Robert W. Baird reaffirmed 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. Loop Capital downgraded DoubleVerify from a "buy" rating to a "hold" rating and cut their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a report on Monday, May 12th. Finally, The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.31.

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.