Granahan Investment Management LLC Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Granahan Investment Management LLC raised its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 221,881 shares of the company's stock after purchasing an additional 23,149 shares during the period. Granahan Investment Management LLC owned 0.13% of DoubleVerify worth $4,262,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after purchasing an additional 981 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after buying an additional 1,285 shares in the last quarter. GAMMA Investing LLC grew its position in DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after acquiring an additional 863 shares during the last quarter. Allianz SE acquired a new position in DoubleVerify during the fourth quarter worth about $41,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings 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 worth $75,000 after acquiring an additional 1,317 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DV. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of DoubleVerify in a report on Monday. Morgan Stanley cut their price objective on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.31.

DoubleVerify Stock Performance

Shares of NYSE DV traded up $0.45 during midday trading on Tuesday, hitting $14.71. 3,003,047 shares of the stock traded hands, compared to its average volume of 2,367,013. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11. The business has a 50 day moving average price of $13.44 and a two-hundred day moving average price of $17.66. The company has a market cap of $2.39 billion, a PE ratio of 39.76, 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 data 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). The business had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share. As a group, equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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.