Bank of Nova Scotia acquired a new position in DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 158,065 shares of the company’s stock, valued at approximately $1,713,000. Bank of Nova Scotia owned approximately 0.10% of DoubleVerify as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DV. Baird Financial Group Inc. purchased a new position in DoubleVerify in the first quarter valued at about $154,000. Woodline Partners LP raised its holdings 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 buying an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 worth $6,174,000 after acquiring an additional 43,343 shares in the last quarter. Creative Planning lifted its position in DoubleVerify by 17.8% during the 2nd quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after acquiring an additional 3,900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in DoubleVerify by 624.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock worth $69,000 after acquiring an additional 3,995 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on DV shares. Citizens Jmp downgraded shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th. Truist Financial cut shares of DoubleVerify from a “buy” rating to a “hold” rating and reduced their target price for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. Scotiabank downgraded shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $15.00 to $13.60 in a research note on Friday, August 7th. Royal Bank Of Canada lowered shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $14.00 to $13.60 in a report on Friday, August 7th. Finally, BMO Capital Markets set a $13.60 price target on shares of DoubleVerify in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.95.
DoubleVerify Stock Down 0.2%
NYSE:DV opened at $13.30 on Thursday. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $11.78 and a 200-day moving average of $10.67. The firm has a market capitalization of $2.06 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.44.
DoubleVerify (NYSE:DV – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The business had revenue of $193.79 million for the quarter, compared to the consensus estimate of $202.23 million. During the same quarter last year, the business posted $0.05 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Analysts predict that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current year.
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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