Crestwood Capital Management L.P. grew its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 46.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 474,157 shares of the company’s stock after purchasing an additional 150,000 shares during the quarter. DoubleVerify accounts for 4.9% of Crestwood Capital Management L.P.’s holdings, making the stock its 8th largest position. Crestwood Capital Management L.P.’s holdings in DoubleVerify were worth $6,339,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Burgundy Asset Management Ltd. grew its holdings in shares of DoubleVerify by 73.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company’s stock valued at $94,262,000 after purchasing an additional 2,073,279 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of DoubleVerify by 17,284.0% in the first quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company’s stock valued at $22,245,000 after purchasing an additional 1,654,250 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of DoubleVerify in the fourth quarter valued at $31,579,000. Alta Fox Capital Management LLC purchased a new position in shares of DoubleVerify in the fourth quarter valued at $24,267,000. Finally, Vanguard Group Inc. grew its holdings in shares of DoubleVerify by 5.6% in the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock valued at $246,891,000 after purchasing an additional 984,779 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on DV. Royal Bank Of Canada dropped their price objective on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price objective on shares of DoubleVerify in a research note on Monday, July 7th. Canaccord Genuity Group dropped their price objective on shares of DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Morgan Stanley lifted their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial dropped 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.13.
DoubleVerify Trading Up 2.9%
DV opened at $15.41 on Thursday. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 53.14, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The business’s 50 day moving average is $15.10 and its two-hundred day moving average is $15.49. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01.
DoubleVerify (NYSE:DV – Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The company had revenue of $189.02 million during the quarter, compared to analysts’ expectations of $171.14 million. During the same quarter last year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.
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.
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