Riverbridge Partners LLC Has $13.71 Million Stock Holdings in DoubleVerify Holdings, Inc. $DV

Riverbridge Partners LLC decreased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,442,814 shares of the company’s stock after selling 218,881 shares during the period. Riverbridge Partners LLC’s holdings in DoubleVerify were worth $13,707,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DV. Fortress Investment Group LLC acquired a new position in shares of DoubleVerify in the third quarter valued at $5,668,000. Elo Mutual Pension Insurance Co lifted its stake in shares of DoubleVerify by 378.0% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock worth $1,690,000 after buying an additional 111,522 shares during the last quarter. Penbrook Management LLC acquired a new stake in shares of DoubleVerify during the 4th quarter worth about $1,177,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of DoubleVerify during the 3rd quarter worth about $1,419,000. Finally, First Eagle Investment Management LLC acquired a new position in DoubleVerify in the 3rd quarter valued at about $4,043,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DV has been the topic of several research analyst reports. Wall Street Zen cut shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Wells Fargo & Company reduced their price objective on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Canaccord Genuity Group decreased their target price on DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Finally, Raymond James Financial reissued an “outperform” rating and set a $14.00 price target on shares of DoubleVerify in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.70.

DoubleVerify Stock Performance

NYSE:DV opened at $10.47 on Wednesday. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.82. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.14 and a beta of 1.00. The firm’s 50-day simple moving average is $10.26 and its 200 day simple moving average is $10.36.

DoubleVerify Company 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.