DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,892 shares of the company’s stock after selling 5,675 shares during the period. Rhumbline Advisers owned 0.20% of DoubleVerify worth $4,531,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after buying an additional 981 shares during the period. Quadrant Capital Group LLC increased its position in DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after buying an additional 1,285 shares during the period. Versant Capital Management Inc acquired a new stake in DoubleVerify in the first quarter worth $40,000. Allianz SE acquired a new stake in DoubleVerify in the fourth quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd increased its position in DoubleVerify by 50.8% in the fourth 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 period. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DV has been the topic of a number of research analyst reports. Barclays lowered 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. Raymond James lowered their price target on DoubleVerify from $22.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Canaccord Genuity Group lowered 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. Loop Capital lowered DoubleVerify from a “buy” rating to a “hold” rating and lowered their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Finally, Baird R W lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and a consensus target price of $18.86.

DoubleVerify Stock Down 2.9%

NYSE:DV opened at $14.48 on Friday. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The stock has a fifty day simple moving average of $13.57 and a 200 day simple moving average of $16.89.

DoubleVerify (NYSE:DV) last released its quarterly earnings results 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). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The company had revenue of $165.06 million during 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% compared to the same quarter last year. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.