State of Alaska Department of Revenue Reduces Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

State of Alaska Department of Revenue reduced its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,798 shares of the company’s stock after selling 1,998 shares during the period. State of Alaska Department of Revenue’s holdings in DoubleVerify were worth $1,040,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DV. Geneva Capital Management LLC raised its position in DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after acquiring an additional 19,684 shares during the period. Norges Bank purchased a new stake in shares of DoubleVerify during the fourth quarter worth $33,957,000. SG Americas Securities LLC grew its holdings in shares of DoubleVerify by 669.2% during the first quarter. SG Americas Securities LLC now owns 45,200 shares of the company’s stock worth $604,000 after buying an additional 39,324 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of DoubleVerify by 9.8% during the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company’s stock worth $13,609,000 after buying an additional 63,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of DoubleVerify by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company’s stock worth $18,694,000 after buying an additional 71,000 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays dropped their price objective on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Robert W. Baird reissued a “neutral” rating and issued a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 target price (up previously from $25.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $20.00 target price on shares of DoubleVerify in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.86.

DoubleVerify Stock Up 0.8%

Shares of DV opened at $14.76 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of 52.70, a P/E/G ratio of 2.22 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 company has a debt-to-equity ratio of 0.01, a quick ratio of 3.72 and a current ratio of 3.72. The company’s 50-day simple moving average is $13.92 and its 200-day simple moving average is $16.52.

DoubleVerify (NYSE:DV) last issued 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). The business had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. Analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal 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.