Zurcher Kantonalbank Zurich Cantonalbank Has $742,000 Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 37.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,502 shares of the company’s stock after buying an additional 15,190 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DoubleVerify were worth $742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its stake in DoubleVerify by 15.3% in the fourth quarter. LPL Financial LLC now owns 31,123 shares of the company’s stock valued at $598,000 after acquiring an additional 4,123 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DoubleVerify by 9.8% in the 4th quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company’s stock valued at $13,609,000 after purchasing an additional 63,196 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of DoubleVerify in the 4th quarter valued at $5,419,000. Wellington Management Group LLP raised its holdings in shares of DoubleVerify by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 415,337 shares of the company’s stock worth $7,979,000 after buying an additional 49,078 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of DoubleVerify by 25.1% during the 4th quarter. Alliancebernstein L.P. now owns 154,160 shares of the company’s stock worth $2,961,000 after buying an additional 30,948 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

DoubleVerify stock opened at $15.60 on Wednesday. The firm has a market cap of $2.53 billion, a P/E ratio of 55.71, a P/E/G ratio of 2.34 and a beta of 1.05. The stock’s 50 day moving average is $14.95 and its 200 day moving average is $15.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The firm had revenue of $189.02 million during the quarter, compared to analyst estimates of $171.14 million. During the same quarter last year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded DoubleVerify from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $19.00 in a research report on Friday, August 1st. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price target on shares of DoubleVerify in a report on Monday, July 7th. The Goldman Sachs Group dropped their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a research note on Monday, April 14th. Raymond James Financial decreased their target price on shares of DoubleVerify from $22.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Finally, Barclays lowered their price target 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.92.

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.