DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 482.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,592 shares of the company’s stock after purchasing an additional 43,570 shares during the period. Point72 Hong Kong Ltd’s holdings in DoubleVerify were worth $1,010,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DV. Smartleaf Asset Management LLC boosted its stake in DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after purchasing an additional 981 shares during the period. Quadrant Capital Group LLC boosted its stake in DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after purchasing an additional 1,285 shares during the period. Allianz SE acquired a new stake in DoubleVerify during the 4th quarter worth $41,000. Aster Capital Management DIFC Ltd boosted its stake in DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock worth $75,000 after purchasing an additional 1,317 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in DoubleVerify by 31.2% during the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company’s stock worth $98,000 after purchasing an additional 1,214 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Down 3.5%

Shares of DV opened at $14.40 on Friday. The company has a 50-day simple moving average of $13.42 and a 200-day simple moving average of $17.62. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The company has a market capitalization of $2.34 billion, a PE ratio of 38.92, a P/E/G ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The business had revenue of $165.06 million for the quarter, compared to analysts’ expectations of $153.07 million. During the same quarter last year, the business posted $0.04 earnings per share. The business’s revenue was up 17.2% compared to the same quarter last year. On average, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on DV shares. Royal Bank of Canada cut their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. JMP Securities restated a “market outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Stifel Nicolaus cut their price objective on shares of DoubleVerify from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Raymond James cut their price objective on shares of 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 issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, DoubleVerify presently has an average 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.