DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 20,446 shares of the company’s stock after selling 823 shares during the period. Mutual of America Capital Management LLC’s holdings in DoubleVerify were worth $273,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DV. LPL Financial LLC grew its position in DoubleVerify by 15.3% during the fourth quarter. LPL Financial LLC now owns 31,123 shares of the company’s stock valued at $598,000 after buying an additional 4,123 shares during the period. Alliancebernstein L.P. grew its position in DoubleVerify by 25.1% during the fourth quarter. Alliancebernstein L.P. now owns 154,160 shares of the company’s stock valued at $2,961,000 after buying an additional 30,948 shares during the period. Envestnet Asset Management Inc. grew its position in DoubleVerify by 6.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 675,275 shares of the company’s stock valued at $12,972,000 after buying an additional 41,022 shares during the period. Federated Hermes Inc. lifted its holdings in DoubleVerify by 6.3% during the fourth quarter. Federated Hermes Inc. now owns 9,571 shares of the company’s stock valued at $184,000 after purchasing an additional 571 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in DoubleVerify by 16.6% during the fourth quarter. Cerity Partners LLC now owns 68,811 shares of the company’s stock valued at $1,308,000 after purchasing an additional 9,804 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DV. Barclays increased their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Stifel Nicolaus increased their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, June 12th. JPMorgan Chase & Co. raised shares of DoubleVerify from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $19.00 in a report on Friday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price objective on shares of DoubleVerify in a report on Thursday, June 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.13.

DoubleVerify Price Performance

DoubleVerify stock opened at $15.41 on Thursday. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The stock has a market cap of $2.52 billion, a P/E ratio of 53.14, a PEG ratio of 2.24 and a beta of 1.05. The company has a 50-day moving average price of $15.10 and a 200 day moving average price of $15.49. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%. The firm had revenue of $189.02 million for the quarter, compared to analyst estimates of $171.14 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. DoubleVerify’s revenue for the quarter was up 21.3% on a year-over-year basis. Sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.