DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 11.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 146,222 shares of the company’s stock after purchasing an additional 15,407 shares during the period. Edgestream Partners L.P.’s holdings in DoubleVerify were worth $1,955,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DV. Vanguard Group Inc. boosted its stake in DoubleVerify by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock valued at $335,816,000 after acquiring an additional 143,773 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of DoubleVerify by 20.1% in the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company’s stock worth $108,753,000 after buying an additional 948,529 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock worth $94,262,000 after purchasing an additional 2,073,279 shares during the period. AQR Capital Management LLC raised its position in shares of DoubleVerify by 29.5% in the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock valued at $50,002,000 after purchasing an additional 592,435 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in DoubleVerify by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company’s stock worth $40,754,000 after acquiring an additional 10,803 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of DV opened at $15.40 on Friday. The firm’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $16.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a market cap of $2.50 billion, a P/E ratio of 54.99, a PEG ratio of 2.34 and a beta of 1.05. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $165.06 million during the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. On average, analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DV. Stifel Nicolaus raised their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Royal Bank Of Canada decreased their target price on DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company set a $13.00 target price on DoubleVerify and gave the company an “underweight” rating in a report on Thursday, June 12th. Finally, Morgan Stanley lowered their price target on DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.92.

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.