The Manufacturers Life Insurance Company boosted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 122.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 68,027 shares of the company’s stock after purchasing an additional 37,439 shares during the period. The Manufacturers Life Insurance Company’s holdings in DoubleVerify were worth $737,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of DV. Hsbc Holdings PLC raised its holdings in DoubleVerify by 1.5% in the second quarter. Hsbc Holdings PLC now owns 77,453 shares of the company’s stock worth $839,000 after buying an additional 1,169 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in DoubleVerify by 4.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after acquiring an additional 1,200 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in DoubleVerify by 37.2% in the 4th quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock worth $54,000 after acquiring an additional 1,284 shares during the last quarter. Clearstead Advisors LLC lifted its position in DoubleVerify by 81.2% in the 4th quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after acquiring an additional 1,669 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in DoubleVerify during the 2nd quarter valued at $27,000. 97.29% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on DV shares. Truist Financial cut DoubleVerify from a “buy” rating to a “hold” rating and decreased their price target for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Scotiabank downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $15.00 to $13.60 in a report on Friday, August 7th. Raymond James Financial lowered DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Wells Fargo & Company upgraded shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $8.00 to $13.60 in a research note on Friday, August 7th. Finally, BMO Capital Markets set a $13.60 price target on shares of DoubleVerify in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.52.
DoubleVerify Price Performance
NYSE:DV opened at $13.52 on Tuesday. The business’s 50-day simple moving average is $12.46 and its two-hundred day simple moving average is $11.04. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $13.65. The stock has a market cap of $2.09 billion, a PE ratio of 37.54, a P/E/G ratio of 1.46 and a beta of 0.99. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01.
DoubleVerify (NYSE:DV – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $202.23 million. During the same quarter last year, the business posted $0.05 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.
DoubleVerify Company Profile
DoubleVerify Holdings, Inc provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are delivered in appropriate environments, viewed by real users and displayed as intended across digital channels.
The company’s solutions address areas including viewability, fraud and invalid traffic, brand safety and suitability, media quality, campaign reach and performance.
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