Renaissance Technologies LLC Decreases Stock Position in DoubleVerify Holdings, Inc. $DV

Renaissance Technologies LLC trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DVFree Report) by 36.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 797,300 shares of the company’s stock after selling 462,100 shares during the quarter. Renaissance Technologies LLC’s holdings in DoubleVerify were worth $7,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of DoubleVerify by 2,028.9% in the fourth quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock valued at $41,756,000 after acquiring an additional 3,478,542 shares during the period. AQR Capital Management LLC boosted its stake in shares of DoubleVerify by 123.4% during the 4th quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after purchasing an additional 2,902,169 shares during the period. SG Capital Management LLC grew its holdings in DoubleVerify by 202.1% during the 4th quarter. SG Capital Management LLC now owns 1,020,892 shares of the company’s stock valued at $11,679,000 after purchasing an additional 2,020,892 shares during the last quarter. Boston Partners bought a new position in DoubleVerify during the 4th quarter valued at about $20,642,000. Finally, Arohi Asset Management PTE Ltd. purchased a new stake in DoubleVerify in the 2nd quarter worth about $17,214,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE:DV opened at $11.76 on Tuesday. The firm has a 50-day simple moving average of $10.82 and a 200-day simple 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 firm has a market cap of $1.80 billion, a P/E ratio of 35.62, a P/E/G ratio of 1.35 and a beta of 0.97.

Analyst Ratings Changes

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

View Our Latest Analysis 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.

Further Reading

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Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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