Diversified Trust Co Sells 3,122 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Diversified Trust Co cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 11.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,095 shares of the company’s stock after selling 3,122 shares during the period. Diversified Trust Co’s holdings in DoubleVerify were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after acquiring an additional 981 shares in the last quarter. Quadrant Capital Group LLC increased its position in 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 buying an additional 1,285 shares in the last quarter. Versant Capital Management Inc bought a new stake in DoubleVerify in the 1st quarter valued at about $40,000. Allianz SE bought a new stake in DoubleVerify in the 4th quarter valued at about $41,000. Finally, Aster Capital Management DIFC Ltd increased its position in DoubleVerify by 50.8% in the 4th 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 in the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Price Performance

Shares of NYSE DV opened at $15.05 on Wednesday. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11. The stock’s 50 day moving average price is $14.08 and its 200-day moving average price is $16.38. The company has a market capitalization of $2.44 billion, a PE ratio of 53.73, a PEG ratio of 2.27 and a beta of 1.05. 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 (NYSE:DV) last announced its earnings results 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). DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The business had revenue of $165.06 million during the quarter, compared to analysts’ expectations of $153.07 million. During the same quarter in the previous year, the firm earned $0.04 EPS. DoubleVerify’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

DV has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of DoubleVerify in a research report on Thursday, June 12th. The Goldman Sachs Group decreased their target price on DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group decreased their target price on DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company set a $13.00 target price on DoubleVerify and gave the company an “underweight” rating in a research report on Thursday, June 12th. Finally, Raymond James Financial decreased their target price on DoubleVerify from $22.00 to $16.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, DoubleVerify presently has an average rating of “Moderate Buy” and a consensus price target of $18.86.

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.