Private Management Group Inc. purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 998,293 shares of the company’s stock, valued at approximately $11,420,000.
Several other hedge funds have also recently added to or reduced their stakes in DV. Baird Financial Group Inc. bought a new stake in DoubleVerify during the first quarter worth about $154,000. Woodline Partners LP lifted its stake in DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DoubleVerify by 10.4% during the first 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 purchasing an additional 43,343 shares during the last quarter. Creative Planning lifted its stake in DoubleVerify by 17.8% during the second quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after purchasing an additional 3,900 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in DoubleVerify by 624.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock worth $69,000 after purchasing an additional 3,995 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.
Analyst Upgrades and Downgrades
DV has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wells Fargo & Company dropped their target price on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Wall Street Zen lowered DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Raymond James Financial restated an “outperform” rating and set a $14.00 price target on shares of DoubleVerify in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average price target of $15.70.
DoubleVerify Price Performance
DV opened at $10.25 on Friday. The business has a 50 day simple moving average of $10.19 and a two-hundred day simple moving average of $10.37. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.16 and a beta of 1.00. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82.
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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