Bank of New York Mellon Corp Sells 41,828 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of New York Mellon Corp lessened its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,190,386 shares of the company’s stock after selling 41,828 shares during the period. Bank of New York Mellon Corp owned approximately 0.73% of DoubleVerify worth $15,915,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DV. Quadrant Capital Group LLC increased its position 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 acquiring an additional 1,285 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of DoubleVerify during the first quarter worth $40,000. Allianz SE bought a new stake in shares of DoubleVerify during the fourth quarter worth $41,000. Aster Capital Management DIFC Ltd increased its position in shares of DoubleVerify by 50.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock worth $75,000 after acquiring an additional 1,317 shares in the last quarter. Finally, Redwood Investments LLC bought a new stake in shares of DoubleVerify during the fourth quarter worth $94,000. Institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

DV has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of DoubleVerify from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Morgan Stanley cut their price target on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Barclays cut their price target on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Canaccord Genuity Group cut their price target on shares of DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Raymond James Financial cut their price target on shares of DoubleVerify from $22.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.92.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $15.38 on Friday. The firm has a market capitalization of $2.50 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $14.57 and its 200 day moving average is $15.98. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11.

DoubleVerify (NYSE:DV) last posted its 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 return on equity of 4.73% and a net margin of 7.55%. The business had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Equities research 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.