Ieq Capital LLC purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 131,984 shares of the company’s stock, valued at approximately $1,431,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in DoubleVerify by 19.6% during the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock valued at $250,973,000 after purchasing an additional 3,799,956 shares in the last quarter. Bank of Montreal Can grew its position in shares of DoubleVerify by 2,028.9% during the 4th quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock worth $41,756,000 after buying an additional 3,478,542 shares in the last quarter. AQR Capital Management LLC grew 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 buying an additional 2,902,169 shares in the last quarter. SG Capital Management LLC increased its stake in shares of DoubleVerify by 202.1% during the fourth quarter. SG Capital Management LLC now owns 1,020,892 shares of the company’s stock valued at $11,679,000 after buying an additional 2,020,892 shares during the period. Finally, Boston Partners purchased a new position in shares of DoubleVerify during the fourth quarter valued at $20,642,000. Institutional investors own 97.29% of the company’s stock.
DoubleVerify Trading Down 0.2%
NYSE DV opened at $13.30 on Thursday. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.44. The company has a 50 day moving average price of $11.78 and a 200 day moving average price of $10.67. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The firm has a market cap 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.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Canaccord Genuity Group lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Nomura set a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 7th. Royal Bank Of Canada downgraded shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $14.00 to $13.60 in a research note on Friday, August 7th. Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.95.
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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