DoubleVerify Holdings, Inc. (NYSE:DV) Stock Holdings Lowered by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 92,945 shares of the company’s stock after selling 12,395 shares during the period. Cetera Investment Advisers owned 0.05% of DoubleVerify worth $1,785,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in DoubleVerify by 0.8% in 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. AQR Capital Management LLC lifted its holdings in DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company’s stock valued at $50,002,000 after acquiring an additional 592,435 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after acquiring an additional 19,684 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in DoubleVerify by 0.5% in 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 last quarter. Finally, Norges Bank acquired a new stake in DoubleVerify in the 4th quarter valued at about $33,957,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 0.8%

Shares of DV stock opened at $14.12 on Tuesday. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11. The business’s 50 day moving average is $13.40 and its two-hundred day moving average is $17.59. The company has a market cap of $2.29 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last announced 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). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The company had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same quarter last year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DV has been the subject of a number of research analyst reports. Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. The Goldman Sachs Group decreased their target price on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of DoubleVerify from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. JMP Securities reiterated a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Finally, Baird R W cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. One equities research 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’s stock. According to data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average price target of $19.31.

DoubleVerify Company 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.