Teacher Retirement System of Texas Purchases New Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Teacher Retirement System of Texas purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 21,029 shares of the company’s stock, valued at approximately $281,000.

A number of other large investors also recently bought and sold shares of DV. Quadrant Capital Group LLC raised 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 valued at $39,000 after purchasing an additional 1,285 shares during the last quarter. Versant Capital Management Inc bought a new stake in DoubleVerify during the first quarter valued at approximately $40,000. Allianz SE bought a new stake in DoubleVerify during the fourth quarter valued at approximately $41,000. Aster Capital Management DIFC Ltd grew its position in DoubleVerify by 50.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock valued at $75,000 after buying an additional 1,317 shares during the period. Finally, Redwood Investments LLC bought a new stake in DoubleVerify during the fourth quarter valued at approximately $94,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Price Performance

DV stock opened at $15.38 on Friday. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The firm has a 50 day moving average of $14.57 and a 200 day moving average of $15.98. The stock 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.

DoubleVerify (NYSE:DV) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $153.07 million. During the same quarter last year, the business posted $0.04 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. Sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on DV. Truist Financial reissued a “buy” rating and issued a $22.00 target price (up previously from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. Royal Bank Of Canada lowered their target price on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company set a $13.00 target price on shares of DoubleVerify and gave the stock an “underweight” rating in a report on Thursday, June 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price target on shares of DoubleVerify in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.92.

About DoubleVerify

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.