ZWJ Investment Counsel Inc. Acquires 766,802 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

ZWJ Investment Counsel Inc. boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 224.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,108,706 shares of the company's stock after acquiring an additional 766,802 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.68% of DoubleVerify worth $14,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DV. Geneva Capital Management LLC lifted its stake in shares of 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 purchasing an additional 19,684 shares in the last quarter. Norges Bank acquired a new position in shares of DoubleVerify during the fourth quarter worth about $33,957,000. SG Americas Securities LLC lifted its stake in shares of DoubleVerify by 669.2% during the first quarter. SG Americas Securities LLC now owns 45,200 shares of the company's stock worth $604,000 after purchasing an additional 39,324 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of DoubleVerify by 9.8% during the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock worth $13,609,000 after purchasing an additional 63,196 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of DoubleVerify by 36.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company's stock worth $1,092,000 after purchasing an additional 21,829 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DV. Truist Financial reaffirmed a "buy" rating and set a $22.00 target price (up from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. The Goldman Sachs Group lowered their price objective on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Baird R W downgraded DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note 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 report on Thursday, June 12th. Finally, Canaccord Genuity Group reduced their price objective on 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 assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.86.

DoubleVerify Price Performance

Shares of NYSE DV traded up $0.25 during trading on Friday, hitting $15.37. The company had a trading volume of 2,020,433 shares, compared to its average volume of 2,355,862. The business's 50-day moving average is $14.21 and its 200 day moving average is $16.31. 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 company has a market cap of $2.50 billion, a P/E ratio of 54.88, a PEG ratio of 2.33 and a beta of 1.05.

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

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.