DoubleVerify Holdings, Inc. $DV Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 96.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,231 shares of the company’s stock after selling 295,800 shares during the period. Crossmark Global Holdings Inc.’s holdings in DoubleVerify were worth $128,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DV. Clearstead Advisors LLC lifted its holdings in shares of DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after purchasing an additional 1,392 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of DoubleVerify by 178.9% in the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of DoubleVerify in the third quarter valued at $51,000. Tower Research Capital LLC TRC lifted its holdings in shares of DoubleVerify by 253.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Bfsg LLC purchased a new stake in shares of DoubleVerify in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 0.3%

NYSE DV opened at $9.04 on Monday. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $16.82. The company has a market capitalization of $1.39 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The firm’s fifty day simple moving average is $10.26 and its 200-day simple moving average is $10.47.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a return on equity of 7.98% and a net margin of 7.16%.The company had revenue of $205.59 million during the quarter, compared to analyst estimates of $208.77 million. During the same period last year, the company posted $0.13 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts predict that DoubleVerify Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Zacks Research lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Royal Bank Of Canada reduced their target price on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Raymond James Financial restated an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a report on Thursday, May 7th. Canaccord Genuity Group reduced their target price on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Wells Fargo & Company reduced their target price on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, DoubleVerify currently has an average rating of “Moderate Buy” and an average target price of $15.70.

DoubleVerify Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.