The Manufacturers Life Insurance Company Sells 1,050 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

The Manufacturers Life Insurance Company trimmed its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,718 shares of the company’s stock after selling 1,050 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in DoubleVerify were worth $552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of DoubleVerify by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock valued at $549,000 after acquiring an additional 526 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of DoubleVerify by 6.3% during the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company’s stock valued at $184,000 after acquiring an additional 571 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of DoubleVerify by 168.0% during the 4th 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 last quarter. Summit Creek Advisors LLC boosted its position in shares of DoubleVerify by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock valued at $7,080,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of DoubleVerify by 31.2% during the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company’s stock valued at $98,000 after acquiring an additional 1,214 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DV has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of DoubleVerify in a report on Monday, May 12th. Barclays decreased 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. Bank of America upgraded DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th. Canaccord Genuity Group decreased their price target on DoubleVerify from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Cannonball Research lowered DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.31.

DoubleVerify Trading Down 1.0%

DV opened at $14.25 on Friday. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The business’s fifty day simple moving average is $13.41 and its 200-day simple moving average is $17.60. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. DoubleVerify’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. On average, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current 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.