DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. decreased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,827 shares of the company’s stock after selling 2,145 shares during the quarter. Graham Capital Management L.P.’s holdings in DoubleVerify were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DV. Smartleaf Asset Management LLC boosted its stake in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after acquiring an additional 981 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after purchasing an additional 1,285 shares during the last quarter. Allianz SE acquired a new position in DoubleVerify during the 4th quarter valued at approximately $41,000. Aster Capital Management DIFC Ltd grew its stake in DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock worth $75,000 after buying an additional 1,317 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in DoubleVerify by 31.2% in the fourth quarter. Sterling Capital Management LLC now owns 5,108 shares of the company’s stock worth $98,000 after buying an additional 1,214 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Performance

Shares of DV stock opened at $14.40 on Friday. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11. The business’s fifty day moving average is $13.42 and its 200-day moving average is $17.62. The stock has a market cap of $2.34 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last released its earnings results 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 5.99% and a net margin of 10.33%. The firm had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same period in the previous year, the firm earned $0.04 earnings per share. DoubleVerify’s revenue was up 17.2% on a year-over-year basis. Equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DV shares. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. Morgan Stanley reduced their target price on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada decreased their target price on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Barclays cut their price target on DoubleVerify from $24.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, JMP Securities reissued a “market outperform” rating and issued a $25.00 price objective on shares of DoubleVerify in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.