Man Group plc Lowers Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Man Group plc reduced its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,908,724 shares of the company's stock after selling 57,158 shares during the period. Man Group plc owned 1.13% of DoubleVerify worth $36,667,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DV. Norges Bank purchased a new position in shares of DoubleVerify during the fourth quarter valued at approximately $33,957,000. BNP Paribas Financial Markets purchased a new position in shares of DoubleVerify during the fourth quarter valued at approximately $31,579,000. Alta Fox Capital Management LLC purchased a new position in shares of DoubleVerify during the fourth quarter valued at approximately $24,267,000. Rockefeller Capital Management L.P. purchased a new position in shares of DoubleVerify during the fourth quarter valued at approximately $14,932,000. Finally, Goodman Financial Corp purchased a new position in shares of DoubleVerify during the fourth quarter valued at approximately $13,199,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded down $0.15 on Friday, hitting $14.25. 1,898,605 shares of the company's stock were exchanged, compared to its average volume of 2,344,280. The company has a 50-day simple moving average of $13.41 and a 200-day simple moving average of $17.61. The stock has a market capitalization of $2.32 billion, a PE ratio of 38.51, a PEG 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $165.06 million for the quarter, compared to analysts' expectations of $153.07 million. DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. On average, analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DV has been the subject of several recent research reports. Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Raymond James reduced their price target on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Baird R W downgraded shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Morgan Stanley reduced their price target on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $18.00 price target on shares of DoubleVerify in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.31.

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.