Edgestream Partners L.P. Has $3.78 Million Position in DoubleVerify Holdings, Inc. $DV

Edgestream Partners L.P. lessened its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DVFree Report) by 30.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,519 shares of the company’s stock after selling 176,539 shares during the quarter. Edgestream Partners L.P.’s holdings in DoubleVerify were worth $3,776,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DV. Vanguard Group Inc. lifted its stake in shares of DoubleVerify by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock valued at $169,045,000 after buying an additional 360,055 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of DoubleVerify by 1.3% during the fourth quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock worth $64,986,000 after acquiring an additional 74,051 shares in the last quarter. AQR Capital Management LLC increased its position in shares of DoubleVerify by 123.4% during the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after acquiring an additional 2,902,169 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DoubleVerify by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock worth $41,169,000 after acquiring an additional 363,005 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of DoubleVerify by 2,028.9% in the 4th quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock worth $41,756,000 after acquiring an additional 3,478,542 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of DV stock opened at $11.23 on Friday. The firm has a 50-day moving average of $10.78 and a 200-day moving average of $10.38. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82. The company has a market cap of $1.72 billion, a P/E ratio of 34.04, a P/E/G ratio of 1.35 and a beta of 0.96.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 price target on shares of DoubleVerify in a research report on Thursday, May 7th. Wall Street Zen lowered DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. The Goldman Sachs Group increased their price objective on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Finally, Wells Fargo & Company cut their target price on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average target price of $15.39.

Read Our Latest Report on DV

DoubleVerify Company Profile

(Free Report)

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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Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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