Quantinno Capital Management LP lifted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 181.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,329 shares of the company’s stock after acquiring an additional 274,896 shares during the quarter. Quantinno Capital Management LP’s holdings in DoubleVerify were worth $4,050,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in DV. Baird Financial Group Inc. acquired a new position in DoubleVerify during the 1st quarter worth approximately $154,000. Woodline Partners LP lifted its holdings in shares of DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after buying an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of DoubleVerify by 10.4% in 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 buying an additional 43,343 shares during the period. Creative Planning boosted its stake in shares of DoubleVerify by 17.8% in the second quarter. Creative Planning now owns 25,827 shares of the company’s stock valued at $387,000 after buying an additional 3,900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of DoubleVerify by 624.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after buying an additional 3,995 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.
DoubleVerify Trading Up 12.8%
Shares of DV opened at $13.21 on Friday. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $16.44. The stock has a market cap of $2.03 billion, a P/E ratio of 36.68, a PEG ratio of 1.40 and a beta of 0.98. The company has a 50-day moving average of $11.02 and a two-hundred day moving average of $10.43.
Trending Headlines about DoubleVerify
- Positive Sentiment: Nielsen will pay $13.60 per DoubleVerify share in cash, providing a meaningful premium and establishing a potential near-term valuation anchor. The transaction is expected to combine DoubleVerify’s media-quality and ad-performance technology with Nielsen’s audience measurement and media-intelligence business. Nielsen Is Acquiring DoubleVerify For $2.15 Billion
- Positive Sentiment: The acquisition announcement outweighed mixed quarterly results and drove heavy investor interest, with the stock trading close to Nielsen’s proposed cash consideration. Nielsen to Acquire DoubleVerify
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on DV. Wells Fargo & Company set a $13.60 price objective on DoubleVerify and gave the stock an “equal weight” rating in a report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. Royal Bank Of Canada cut shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $14.00 to $13.60 in a research note on Friday. The Goldman Sachs Group increased their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.18.
Check Out Our Latest Research 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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