Pale Fire Capital SE Purchases 109,836 Shares of DoubleVerify Holdings, Inc. $DV

Pale Fire Capital SE lifted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 99.4% in the second quarter, HoldingsChannel.com reports. The firm owned 220,336 shares of the company’s stock after purchasing an additional 109,836 shares during the period. Pale Fire Capital SE’s holdings in DoubleVerify were worth $2,388,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Nykredit A S bought a new position in DoubleVerify during the 2nd quarter valued at approximately $32,000. Susquehanna Fundamental Investments LLC bought a new position in shares of DoubleVerify during the second quarter valued at approximately $1,574,000. Two Sigma Securities LLC purchased a new stake in DoubleVerify in the second quarter worth $253,000. Hsbc Holdings PLC boosted its holdings in DoubleVerify by 1.5% in the second quarter. Hsbc Holdings PLC now owns 77,453 shares of the company’s stock valued at $839,000 after acquiring an additional 1,169 shares in the last quarter. Finally, United Capital Financial Advisors LLC bought a new stake in DoubleVerify in the second quarter valued at $269,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on DV shares. Nomura set a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 7th. Raymond James Financial cut shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 21st. Citizens Jmp cut DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company upgraded DoubleVerify from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $8.00 to $13.60 in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, DoubleVerify presently has an average rating of “Hold” and an average price target of $13.52.

DoubleVerify Stock Down 0.0%

Shares of DoubleVerify stock opened at $13.36 on Thursday. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.28. The stock has a market capitalization of $2.07 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. The company has a 50-day simple moving average of $12.08 and a two-hundred day simple moving average of $10.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.50.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. The business had revenue of $193.79 million for the quarter, compared to analysts’ expectations of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. On average, analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.

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.