Intech Investment Management LLC Acquires 371,994 Shares of DoubleVerify Holdings, Inc. $DV

Intech Investment Management LLC increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 339.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 481,670 shares of the company’s stock after purchasing an additional 371,994 shares during the quarter. Intech Investment Management LLC’s holdings in DoubleVerify were worth $5,510,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC increased its position in DoubleVerify by 22.4% during the fourth quarter. Geode Capital Management LLC now owns 2,403,828 shares of the company’s stock worth $27,507,000 after acquiring an additional 439,157 shares during the period. Clearstead Advisors LLC increased its position in DoubleVerify by 81.2% during the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock worth $43,000 after acquiring an additional 1,669 shares during the period. Hantz Financial Services Inc. increased its position in DoubleVerify by 37.2% during the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock worth $54,000 after acquiring an additional 1,284 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in DoubleVerify during the fourth quarter worth about $114,000. Finally, Leonteq Securities AG bought a new position in DoubleVerify during the fourth quarter worth about $297,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Down 0.1%

DV stock opened at $9.70 on Monday. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The firm has a market cap of $1.49 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.10 and a beta of 1.00. The company’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $10.37.

DoubleVerify (NYSE:DV) last released its earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $208.77 million. During the same period in the prior year, the business earned $0.13 earnings per share. DoubleVerify’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DV shares. Raymond James Financial reaffirmed an “outperform” rating and set a $14.00 price target on shares of DoubleVerify in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Monday, April 20th. The Goldman Sachs Group raised their target price on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada decreased their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.70.

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.