DoubleVerify Holdings, Inc. $DV Position Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,776,618 shares of the company’s stock after purchasing an additional 360,055 shares during the period. Vanguard Group Inc. owned about 0.09% of DoubleVerify worth $169,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DV. Invenomic Capital Management LP bought a new stake in DoubleVerify during the third quarter valued at $21,671,000. Arohi Asset Management PTE Ltd. bought a new stake in DoubleVerify during the second quarter valued at $17,214,000. Disciplined Growth Investors Inc. MN increased its stake in DoubleVerify by 42.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,895,694 shares of the company’s stock valued at $34,690,000 after purchasing an additional 863,899 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in DoubleVerify by 291.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,136,257 shares of the company’s stock valued at $17,010,000 after purchasing an additional 845,857 shares during the last quarter. Finally, Amundi increased its stake in DoubleVerify by 48.9% during the third quarter. Amundi now owns 2,321,192 shares of the company’s stock valued at $26,253,000 after purchasing an additional 762,394 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.1%

Shares of NYSE DV opened at $11.07 on Monday. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $16.82. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.25 and a beta of 1.05. The firm has a 50-day moving average of $10.31 and a two-hundred day moving average of $10.56.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data 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 7.16% and a return on equity of 7.98%. The firm had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. During the same period in the prior year, the company posted $0.13 earnings per share. DoubleVerify’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts predict that DoubleVerify Holdings, Inc. will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DV. The Goldman Sachs Group upped their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday. Zacks Research downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Royal Bank Of Canada cut their price target on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $14.00 price target on shares of DoubleVerify in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.77.

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.