Deutsche Bank AG Purchases 299,646 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Deutsche Bank AG increased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 107.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578,202 shares of the company’s stock after buying an additional 299,646 shares during the quarter. Deutsche Bank AG owned 0.34% of DoubleVerify worth $11,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after buying an additional 981 shares during the period. Quadrant Capital Group LLC grew its stake in shares of DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after acquiring an additional 1,285 shares during the last quarter. Allianz SE bought a new position in shares of DoubleVerify during the fourth quarter valued at $41,000. Aster Capital Management DIFC Ltd lifted its holdings 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. Finally, Sterling Capital Management LLC lifted its holdings in shares of DoubleVerify by 31.2% during the fourth quarter. Sterling Capital Management LLC now owns 5,108 shares of the company’s stock valued at $98,000 after purchasing an additional 1,214 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 3.5%

DV opened at $14.40 on Friday. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The business’s fifty day simple moving average is $13.42 and its 200-day simple moving average is $17.62. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results 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). The firm had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. DoubleVerify’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. On average, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DV shares. Cannonball Research downgraded DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. Baird R W downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Robert W. Baird reissued a “neutral” rating and set a $14.00 target price (down previously from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of DoubleVerify in a report on Monday. Finally, Canaccord Genuity Group lowered their price objective on DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.