The Manufacturers Life Insurance Company Invests $737,000 in DoubleVerify Holdings, Inc. $DV

The Manufacturers Life Insurance Company acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 68,027 shares of the company’s stock, valued at approximately $737,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in DoubleVerify during the 2nd quarter valued at about $27,000. Quadrant Capital Group LLC increased its stake in DoubleVerify by 154.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after purchasing an additional 1,492 shares during the period. UMB Bank n.a. lifted its position in shares of DoubleVerify by 124.3% during the fourth 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 in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of DoubleVerify during the second quarter worth about $36,000. Finally, Clearstead Advisors LLC boosted its stake in shares of DoubleVerify by 81.2% in the fourth 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 during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.1%

Shares of DoubleVerify stock opened at $13.36 on Friday. The company has a fifty day simple moving average of $12.20 and a 200-day simple moving average of $10.86. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $15.56. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 1.45 and a beta of 0.99.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The firm had revenue of $193.79 million for the quarter, compared to analyst estimates of $202.23 million. During the same period last year, the business earned $0.05 EPS. DoubleVerify’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DV shares. Citizens Jmp downgraded shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research note on Friday, August 7th. Canaccord Genuity Group cut shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their price target for the company from $16.00 to $13.60 in a research report on Friday, August 7th. BMO Capital Markets set a $13.60 price objective on DoubleVerify in a research report on Friday, August 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $13.60 price objective on shares of DoubleVerify in a research note on Friday, August 21st. Finally, Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.52.

DoubleVerify 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.