Northern Trust Corp Purchases 160,406 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Northern Trust Corp boosted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,117,830 shares of the company’s stock after purchasing an additional 160,406 shares during the period. Northern Trust Corp’s holdings in DoubleVerify were worth $21,474,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DV. Smartleaf Asset Management LLC raised its stake in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after buying an additional 981 shares in the last quarter. GAMMA Investing LLC raised its position in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after acquiring an additional 863 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of DoubleVerify by 171.6% in the 4th 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 period. Allianz SE purchased a new position in shares of DoubleVerify in the 4th quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd boosted 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 valued at $75,000 after purchasing an additional 1,317 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

DV stock opened at $14.26 on Tuesday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 2.63 and a beta of 1.03. The business’s 50-day moving average is $13.45 and its two-hundred day moving average is $17.68. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $23.11.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data 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 5.99% and a net margin of 10.33%. The business had revenue of $165.06 million during the quarter, compared to analysts’ expectations of $153.07 million. During the same period in the previous year, the business posted $0.04 EPS. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays lowered their price objective on DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Morgan Stanley lowered 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 report on Thursday, April 17th. Canaccord Genuity Group decreased their target price 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. Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and lowered their target price for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Finally, Royal Bank of Canada cut their price target on DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.31.

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.