Federated Hermes Inc. Sells 70,899 Shares of DoubleVerify Holdings, Inc. $DV

Federated Hermes Inc. lessened its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,578,053 shares of the company’s stock after selling 70,899 shares during the period. Federated Hermes Inc. owned about 0.96% of DoubleVerify worth $18,905,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its position in shares of DoubleVerify by 40.8% during the 3rd 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 during the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of DoubleVerify in the second quarter valued at $38,325,000. SG Capital Management LLC acquired a new position in DoubleVerify during the second quarter worth $33,642,000. Ameriprise Financial Inc. increased its holdings in DoubleVerify by 45.1% during the second quarter. Ameriprise Financial Inc. now owns 1,726,357 shares of the company’s stock worth $25,844,000 after buying an additional 536,943 shares during the last quarter. Finally, Sunriver Management LLC raised its position in DoubleVerify by 0.5% during the second quarter. Sunriver Management LLC now owns 1,689,893 shares of the company’s stock worth $25,298,000 after acquiring an additional 8,114 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Down 2.6%

Shares of DV opened at $10.80 on Friday. The firm has a market cap of $1.74 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.11. The firm’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $12.47.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DV. Needham & Company LLC decreased their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Zacks Research downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial reduced their price target on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a report on Monday, November 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $13.50 price target on shares of DoubleVerify in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.41.

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.