M&T Bank Corp Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

M&T Bank Corp purchased a new position in DoubleVerify Holdings, Inc. (NYSE:DV) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,053 shares of the company’s stock, valued at approximately $175,000.

Several other large investors also recently modified their holdings of the business. Quadrant Capital Group LLC grew its holdings in shares of DoubleVerify by 171.6% during 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 in the last quarter. Versant Capital Management Inc bought a new position in shares of DoubleVerify during the first quarter worth about $40,000. Allianz SE bought a new stake in DoubleVerify during the 4th quarter worth about $41,000. Aster Capital Management DIFC Ltd lifted its position in DoubleVerify by 50.8% during the 4th 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 in the last quarter. Finally, Redwood Investments LLC bought a new stake in DoubleVerify during the 4th quarter worth about $94,000. 97.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DV has been the subject of a number of analyst reports. Baird R W downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. JMP Securities restated a “market outperform” rating and issued a $20.00 price target on shares of DoubleVerify in a research note on Thursday, June 12th. The Goldman Sachs Group decreased their price target on DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a research note on Monday, April 14th. Truist Financial restated a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of DoubleVerify in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.92.

DoubleVerify Stock Performance

Shares of DV opened at $15.38 on Friday. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The business’s fifty day moving average is $14.57 and its 200-day moving average is $16.00. 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 firm has a market cap of $2.50 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 2.33 and a beta of 1.05.

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 firm had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. Equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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.