First Eagle Investment Management LLC grew its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 88.1% in the fourth quarter, Holdings Channel reports. The firm owned 635,000 shares of the company’s stock after purchasing an additional 297,500 shares during the period. First Eagle Investment Management LLC’s holdings in DoubleVerify were worth $7,264,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DV. Baird Financial Group Inc. purchased a new position in shares of DoubleVerify during the 1st quarter valued at $154,000. Woodline Partners LP grew its position in shares of DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of DoubleVerify by 10.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock valued at $6,174,000 after purchasing an additional 43,343 shares in the last quarter. Creative Planning grew its position in shares of DoubleVerify by 17.8% during the 2nd quarter. Creative Planning now owns 25,827 shares of the company’s stock valued at $387,000 after purchasing an additional 3,900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of DoubleVerify by 624.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after purchasing an additional 3,995 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.
DoubleVerify Stock Down 3.8%
DV opened at $10.04 on Wednesday. The stock has a market cap of $1.54 billion, a PE ratio of 30.41, a P/E/G ratio of 1.18 and a beta of 1.05. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.82. The business’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $10.54.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Canaccord Genuity Group reduced their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Zacks Research lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. The Goldman Sachs Group boosted their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a research note on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.70.
Get Our Latest Stock Report on DoubleVerify
About DoubleVerify
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.
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