Texas Permanent School Fund Corp Lowers Position in DoubleVerify Holdings, Inc. $DV

Texas Permanent School Fund Corp decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 35.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,549 shares of the company’s stock after selling 137,132 shares during the quarter. Texas Permanent School Fund Corp owned 0.15% of DoubleVerify worth $3,691,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cooper Creek Partners Management LLC purchased a new stake in DoubleVerify during the second quarter worth $38,325,000. SG Capital Management LLC acquired a new position in shares of DoubleVerify in the second quarter worth about $33,642,000. Ameriprise Financial Inc. boosted its stake in shares of DoubleVerify by 45.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,726,357 shares of the company’s stock worth $25,844,000 after acquiring an additional 536,943 shares in the last quarter. Sunriver Management LLC grew its position in shares of DoubleVerify by 0.5% during the 2nd quarter. Sunriver Management LLC now owns 1,689,893 shares of the company’s stock valued at $25,298,000 after acquiring an additional 8,114 shares during the period. Finally, Norges Bank purchased a new position in shares of DoubleVerify in the 2nd quarter valued at about $23,640,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley lowered their price target on DoubleVerify from $16.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Scotiabank reiterated an “outperform” rating on shares of DoubleVerify in a research report on Monday, November 10th. Stifel Nicolaus cut their price target on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. The Goldman Sachs Group restated a “neutral” rating and set a $13.50 price objective on shares of DoubleVerify in a research report on Tuesday, October 14th. Finally, Truist Financial dropped their target price on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.38.

DoubleVerify Stock Up 0.8%

NYSE DV opened at $11.34 on Friday. The business has a fifty day moving average price of $10.92 and a 200 day moving average price of $13.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The company has a market cap of $1.83 billion, a P/E ratio of 45.37, a P/E/G ratio of 1.86 and a beta of 0.99. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $23.11.

DoubleVerify (NYSE:DV) last released its earnings results on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The business had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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.