DoubleVerify Holdings, Inc. $DV Shares Acquired by BlackRock Inc.

BlackRock Inc. lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 19.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,152,508 shares of the company’s stock after acquiring an additional 3,799,956 shares during the period. BlackRock Inc. owned approximately 0.15% of DoubleVerify worth $250,973,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Quadrant Capital Group LLC raised its position in shares of DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after purchasing an additional 1,492 shares during the last quarter. UMB Bank n.a. grew its position in DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after purchasing an additional 1,528 shares during the last quarter. Bayforest Capital Ltd acquired a new position in DoubleVerify during the 2nd quarter valued at approximately $36,000. Clearstead Advisors LLC increased its stake in DoubleVerify by 81.2% during the 4th quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of DoubleVerify by 121.9% in the fourth quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock worth $54,000 after buying an additional 2,581 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Get DoubleVerify alerts:

DoubleVerify Stock Down 0.2%

Shares of 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. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.44. The stock’s 50 day moving average is $11.78 and its two-hundred day moving average is $10.67. The firm has a market cap of $2.06 billion, a P/E ratio of 36.94, a PEG ratio of 1.45 and a beta of 0.98.

DoubleVerify (NYSE:DV – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.22 earnings per share 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 during the quarter, compared to the consensus estimate of $202.23 million. During the same period in the prior year, the company posted $0.05 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts predict that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DV shares. Canaccord Genuity Group lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $13.60 in a report on Friday, August 7th. Wells Fargo & Company upgraded DoubleVerify from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $8.00 to $13.60 in a research note on Friday, August 7th. Scotiabank cut DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $15.00 to $13.60 in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Finally, The Goldman Sachs Group raised their price objective on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.95.

Read Our Latest Stock Report on DoubleVerify

DoubleVerify Profile

(Free Report)

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.

Featured Stories

• Five stocks we like better than DoubleVerify
• Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
• Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
• Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
• Can Tesla’s Flying Roadster Distract From Its Real Risks?

Want to see what other hedge funds are holding DV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleVerify Holdings, Inc. (NYSE:DV – Free Report).

Receive News & Ratings for DoubleVerify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleVerify and related companies with MarketBeat.com's FREE daily email newsletter.