Wealth Enhancement Advisory Services LLC Grows Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Wealth Enhancement Advisory Services LLC lifted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 106.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,772 shares of the company's stock after purchasing an additional 29,745 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in DoubleVerify were worth $1,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in shares of DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after buying an additional 981 shares during the period. Quadrant Capital Group LLC raised its stake in shares of DoubleVerify by 171.6% during the fourth 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. Allianz SE acquired a new position in shares of DoubleVerify during the fourth quarter worth $41,000. Aster Capital Management DIFC Ltd boosted its stake in shares of DoubleVerify by 50.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after purchasing an additional 1,317 shares during the period. Finally, Redwood Investments LLC acquired a new stake in DoubleVerify during the 4th quarter valued at $94,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DV shares. The Goldman Sachs Group decreased their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Robert W. Baird reaffirmed a "neutral" rating and issued a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Loop Capital cut DoubleVerify from a "buy" rating to a "hold" rating and reduced their target price for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Royal Bank of Canada dropped their price target on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group dropped their target price on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.31.

DoubleVerify Stock Performance

DoubleVerify stock opened at $14.79 on Monday. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11. The company has a 50-day simple moving average of $13.33 and a 200-day simple moving average of $17.04. The firm has a market capitalization of $2.40 billion, a P/E ratio of 39.97, a P/E/G ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $153.07 million. During the same period last year, the firm posted $0.04 EPS. The business's quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current 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.

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