Harbor Capital Advisors Inc. Has $336,000 Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Harbor Capital Advisors Inc. grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 167.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,145 shares of the company’s stock after buying an additional 15,751 shares during the period. Harbor Capital Advisors Inc.’s holdings in DoubleVerify were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Washington Capital Management Inc. lifted its position in shares of DoubleVerify by 24.3% in the 1st quarter. Washington Capital Management Inc. now owns 39,400 shares of the company’s stock worth $527,000 after purchasing an additional 7,700 shares during the period. Merit Financial Group LLC acquired a new position in DoubleVerify in the first quarter valued at approximately $177,000. GAMMA Investing LLC boosted its stake in DoubleVerify by 710.4% during the first quarter. GAMMA Investing LLC now owns 16,499 shares of the company’s stock worth $221,000 after acquiring an additional 14,463 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of DoubleVerify during the 1st quarter worth about $40,000. Finally, Wellington Management Group LLP grew its stake in DoubleVerify by 13.4% in the fourth quarter. Wellington Management Group LLP now owns 415,337 shares of the company’s stock valued at $7,979,000 after acquiring an additional 49,078 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

Shares of DV opened at $14.48 on Friday. The firm has a market cap of $2.35 billion, a P/E ratio of 39.14, a P/E/G ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11. The stock has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $16.87.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (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 business had revenue of $165.06 million for the quarter, compared to analysts’ expectations of $153.07 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DV. Morgan Stanley dropped their price objective on DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Robert W. Baird reiterated a “neutral” rating and issued a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their price target for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. Cannonball Research downgraded DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Finally, Truist Financial reissued a “buy” rating and issued a $22.00 target price (up from $21.00) on shares of DoubleVerify in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and a consensus target price of $18.86.

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.