First Eagle Investment Management LLC increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 82.7% during the second quarter, Holdings Channel reports. The firm owned 1,160,000 shares of the company’s stock after acquiring an additional 525,000 shares during the period. First Eagle Investment Management LLC’s holdings in DoubleVerify were worth $12,574,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its holdings in DoubleVerify by 19.6% in the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock valued at $250,973,000 after buying an additional 3,799,956 shares during the period. Vanguard Group Inc. lifted its holdings in shares of DoubleVerify by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after acquiring an additional 360,055 shares during the period. Mackenzie Financial Corp boosted its position in shares of DoubleVerify by 1.3% during the 4th 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 boosted its position 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 acquiring an additional 2,902,169 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in DoubleVerify by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock valued at $41,169,000 after acquiring an additional 363,005 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.
DoubleVerify Stock Performance
Shares of DV stock opened at $13.36 on Monday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 1.45 and a beta of 0.99. 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 business’s 50-day moving average price is $12.20 and its 200-day moving average price is $10.87. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $15.56.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Citizens Jmp downgraded shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th. BMO Capital Markets set a $13.60 target price on DoubleVerify in a report on Friday, August 7th. Weiss Ratings upgraded DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company upgraded DoubleVerify from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $8.00 to $13.60 in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of “Hold” and an average target price of $13.52.
Read Our Latest Stock Analysis on DV
DoubleVerify Company Profile
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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