Wealth Enhancement Advisory Services LLC Buys 39,368 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 68.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,140 shares of the company's stock after acquiring an additional 39,368 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of DoubleVerify worth $1,299,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Geneva Capital Management LLC lifted its holdings in DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after acquiring an additional 19,684 shares during the period. Norges Bank bought a new stake in shares of DoubleVerify in the fourth quarter valued at $33,957,000. SG Americas Securities LLC raised its stake in shares of 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 period. JPMorgan Chase & Co. raised its stake in shares of 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 period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of DoubleVerify by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock valued at $18,694,000 after buying an additional 71,000 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

Shares of DV traded up $0.25 during midday trading on Friday, reaching $15.37. The stock had a trading volume of 2,020,433 shares, compared to its average volume of 2,355,862. The company's 50-day moving average is $14.17 and its 200 day moving average is $16.34. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 54.88, a price-to-earnings-growth ratio of 2.33 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $153.07 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. DoubleVerify's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DV. Truist Financial restated a "buy" rating and issued a $22.00 target price (up from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Morgan Stanley lowered their target price on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Canaccord Genuity Group lowered their target price on DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Raymond James Financial decreased their price objective on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank Of Canada decreased their price objective on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.86.

DoubleVerify 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.