DoubleVerify Holdings, Inc. (NYSE:DV) Stake Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 67.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,958 shares of the company’s stock after selling 499,062 shares during the period. Cubist Systematic Strategies LLC owned about 0.14% of DoubleVerify worth $4,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Geneva Capital Management LLC raised its stake in shares of DoubleVerify by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after purchasing an additional 19,684 shares in the last quarter. Norges Bank bought a new position in DoubleVerify during the fourth quarter valued at approximately $33,957,000. JPMorgan Chase & Co. raised its position in DoubleVerify by 9.8% during the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company’s stock valued at $13,609,000 after acquiring an additional 63,196 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DoubleVerify by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company’s stock valued at $18,694,000 after acquiring an additional 71,000 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in DoubleVerify by 4.8% in the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock worth $34,264,000 after acquiring an additional 94,095 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Down 5.7 %

NYSE:DV opened at $13.32 on Friday. The firm has a market cap of $2.16 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The company’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $17.69. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business 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%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. On average, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

DV has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $25.00 price objective on shares of DoubleVerify in a report on Monday, January 27th. Barclays lowered their price objective on DoubleVerify from $24.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Canaccord Genuity Group reduced their target price on DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Baird R W downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Finally, Raymond James reduced their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.