Louisiana State Employees Retirement System Invests $563,000 in DoubleVerify Holdings, Inc. $DV

Louisiana State Employees Retirement System acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) in the first quarter, Holdings Channel.com reports. The firm acquired 59,300 shares of the company’s stock, valued at approximately $563,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. bought a new position in DoubleVerify in the 1st quarter valued at $197,000. Krilogy Financial LLC grew its position in shares of DoubleVerify by 42.7% during the 1st quarter. Krilogy Financial LLC now owns 18,537 shares of the company’s stock valued at $176,000 after purchasing an additional 5,550 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of DoubleVerify by 1,278.9% in the first quarter. SG Americas Securities LLC now owns 862,047 shares of the company’s stock worth $8,189,000 after purchasing an additional 799,528 shares during the period. Evolve Private Wealth LLC increased its holdings in shares of DoubleVerify by 21.8% in the first quarter. Evolve Private Wealth LLC now owns 14,427 shares of the company’s stock worth $137,000 after purchasing an additional 2,580 shares during the period. Finally, Diversified Trust Co raised its position in shares of DoubleVerify by 37.5% in the first quarter. Diversified Trust Co now owns 46,605 shares of the company’s stock worth $443,000 after buying an additional 12,702 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DV. Wells Fargo & Company dropped their price objective on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Raymond James Financial reiterated an “outperform” rating and set a $14.00 price target on shares of DoubleVerify in a research report on Thursday, May 7th. The Goldman Sachs Group upped their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.39.

DoubleVerify Stock Down 1.8%

DV opened at $11.46 on Wednesday. The business’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $10.36. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.82. The stock has a market cap of $1.76 billion, a PE ratio of 34.71, a P/E/G ratio of 1.40 and a beta of 0.96.

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.