DoubleVerify Holdings, Inc. (NYSE:DV) Stock Holdings Boosted by Northern Trust Corp

Northern Trust Corp grew its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 16.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,117,830 shares of the company's stock after purchasing an additional 160,406 shares during the period. Northern Trust Corp owned approximately 0.66% of DoubleVerify worth $21,474,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of DoubleVerify by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock valued at $335,816,000 after purchasing an additional 143,773 shares during the period. Geneva Capital Management LLC increased its holdings in DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after buying an additional 19,684 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DoubleVerify by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company's stock valued at $40,754,000 after acquiring an additional 10,803 shares during the period. Principal Financial Group Inc. boosted its stake in shares of DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after acquiring an additional 94,095 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of DoubleVerify in the 4th quarter worth approximately $33,957,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Down 1.0%

NYSE:DV traded down $0.15 on Friday, reaching $14.25. The stock had a trading volume of 1,898,605 shares, compared to its average volume of 2,365,544. The company has a 50-day moving average of $13.42 and a 200 day moving average of $17.62. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The stock has a market cap of $2.32 billion, a P/E ratio of 38.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The firm had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. During the same quarter last year, the business posted $0.04 earnings per share. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

DV has been the subject of several research reports. Raymond James reduced their price objective on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Canaccord Genuity Group cut their price target on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a research note on Monday. Royal Bank of Canada reduced their price target on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Loop Capital lowered 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. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.31.

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.