Intech Investment Management LLC Sells 93,964 Shares of DoubleVerify Holdings, Inc. $DV

Intech Investment Management LLC reduced its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 46.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 109,676 shares of the company’s stock after selling 93,964 shares during the period. Intech Investment Management LLC’s holdings in DoubleVerify were worth $1,314,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Clearstead Advisors LLC raised its position in DoubleVerify by 210.0% during the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after purchasing an additional 1,392 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of DoubleVerify in the 2nd quarter worth approximately $42,000. Hantz Financial Services Inc. increased its position in shares of DoubleVerify by 178.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in DoubleVerify by 253.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after buying an additional 2,660 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in DoubleVerify during the 3rd quarter valued at $51,000. 97.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada reduced their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Zacks Research cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company raised their price target on DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, March 2nd. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and a consensus price target of $15.88.

DoubleVerify Price Performance

DV stock opened at $11.00 on Friday. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $16.82. The business has a 50-day moving average price of $10.37 and a 200 day moving average price of $11.49. The company has a market capitalization of $1.78 billion, a P/E ratio of 36.67, a PEG ratio of 1.24 and a beta of 0.98.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.