Jupiter Asset Management Ltd. raised its holdings in DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 211.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 367,539 shares of the company’s stock after acquiring an additional 249,662 shares during the period. Jupiter Asset Management Ltd. owned 0.23% of DoubleVerify worth $4,205,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in DV. Fortress Investment Group LLC purchased a new stake in shares of DoubleVerify in the third quarter valued at $5,668,000. Elo Mutual Pension Insurance Co lifted its position in DoubleVerify by 378.0% during the third quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock worth $1,690,000 after buying an additional 111,522 shares during the period. Penbrook Management LLC acquired a new stake in DoubleVerify in the 4th quarter worth about $1,177,000. First Eagle Investment Management LLC acquired a new stake in DoubleVerify in the 3rd quarter worth about $4,043,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in DoubleVerify in the 3rd quarter valued at about $1,419,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.
DoubleVerify Stock Performance
Shares of NYSE:DV opened at $9.70 on Friday. The stock has a 50-day simple moving average of $10.09 and a 200-day simple moving average of $10.37. The stock has a market capitalization of $1.49 billion, a P/E ratio of 29.38, a PEG ratio of 1.09 and a beta of 1.05. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $16.82.
Analysts Set New Price Targets
DV has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada lowered their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Wells Fargo & Company dropped their price target on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Finally, Canaccord Genuity Group lowered their price objective on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.70.
Read Our Latest Stock Report on DV
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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