Maryland State Retirement & Pension System Sells 6,253 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Maryland State Retirement & Pension System cut its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,051 shares of the company’s stock after selling 6,253 shares during the quarter. Maryland State Retirement & Pension System’s holdings in DoubleVerify were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Signaturefd LLC lifted its holdings in shares of DoubleVerify by 582.9% in the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock worth $31,000 after acquiring an additional 1,982 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of DoubleVerify in the 1st quarter worth approximately $40,000. Headlands Technologies LLC lifted its holdings in shares of DoubleVerify by 534.0% in the 1st quarter. Headlands Technologies LLC now owns 4,647 shares of the company’s stock worth $62,000 after acquiring an additional 3,914 shares during the last quarter. Redwood Investments LLC bought a new stake in shares of DoubleVerify in the 4th quarter worth approximately $94,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of DoubleVerify by 31.2% in the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company’s stock worth $98,000 after acquiring an additional 1,214 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DV. Craig Hallum restated a “buy” rating and issued a $20.00 price objective on shares of DoubleVerify in a report on Monday, July 7th. Stifel Nicolaus boosted their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $27.00 target price (up from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised shares of DoubleVerify from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $19.00 in a research note on Friday, August 1st. Finally, Wells Fargo & Company set a $13.00 target price on shares of DoubleVerify and gave the stock an “underweight” rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average target price of $19.13.

DoubleVerify Stock Up 2.9%

Shares of DoubleVerify stock opened at $15.41 on Thursday. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $15.10 and its two-hundred day simple moving average is $15.49. The company 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. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data 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). The company had revenue of $189.02 million for the quarter, compared to analysts’ expectations of $171.14 million. DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. Research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS 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.