AlphaQuest LLC Has $1.35 Million Holdings in DoubleVerify Holdings, Inc. $DV

AlphaQuest LLC increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 438.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,241 shares of the company’s stock after acquiring an additional 91,386 shares during the period. AlphaQuest LLC owned about 0.07% of DoubleVerify worth $1,345,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cooper Creek Partners Management LLC acquired a new stake in shares of DoubleVerify in the second quarter valued at $38,325,000. SG Capital Management LLC acquired a new stake in DoubleVerify in the 2nd quarter valued at about $33,642,000. Norges Bank acquired a new stake in DoubleVerify in the 2nd quarter valued at about $23,640,000. Arohi Asset Management PTE Ltd. bought a new position in shares of DoubleVerify in the second quarter worth about $17,214,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of DoubleVerify by 40.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock worth $43,397,000 after purchasing an additional 1,049,726 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DV. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Barclays reissued an “equal weight” rating and issued a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Royal Bank Of Canada cut their price target on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Truist Financial decreased their price target on DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Stifel Nicolaus dropped their price objective on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.41.

DoubleVerify Stock Performance

Shares of NYSE:DV opened at $10.80 on Friday. The firm’s 50 day simple moving average is $10.96 and its 200 day simple moving average is $12.45. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $23.11. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 43.20, a P/E/G ratio of 0.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98.

DoubleVerify (NYSE:DV) last issued its earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. The firm had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.