DoubleVerify Holdings, Inc. $DV Shares Newly Acquired by Transmarket Holdings LP

Transmarket Holdings LP acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 72,480 shares of the company’s stock, valued at approximately $978,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DV. BlackRock Inc. increased its position in DoubleVerify by 19.6% during the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock valued at $250,973,000 after purchasing an additional 3,799,956 shares during the period. Bank of America Corp DE bought a new position in DoubleVerify during the 2nd quarter worth approximately $31,333,000. State Street Corp raised its holdings in DoubleVerify by 23.3% during the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company’s stock worth $58,267,000 after purchasing an additional 1,014,027 shares during the last quarter. Man Group plc bought a new position in DoubleVerify during the 2nd quarter worth approximately $9,026,000. Finally, First Eagle Investment Management LLC lifted its position in shares of DoubleVerify by 82.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,160,000 shares of the company’s stock worth $12,574,000 after purchasing an additional 525,000 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on DV shares. BMO Capital Markets set a $13.60 price target on shares of DoubleVerify in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered DoubleVerify from an “overweight” rating to a “neutral” rating and set a $13.60 price objective for the company. in a research report on Friday, August 21st. Canaccord Genuity Group lowered DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. Royal Bank Of Canada downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $14.00 to $13.60 in a research note on Friday, August 7th. Finally, Truist Financial lowered DoubleVerify from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $13.60 in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.52.

DoubleVerify Stock Up 0.2%

Shares of NYSE:DV opened at $13.56 on Thursday. 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 Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $13.65. The business’s 50 day simple moving average is $13.44 and its two-hundred day simple moving average is $11.29. The firm has a market cap of $2.10 billion, a P/E ratio of 37.68, a PEG ratio of 1.46 and a beta of 0.99.

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

DoubleVerify Company Profile

DoubleVerify Holdings, Inc (NYSE: DV) provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are viewable, delivered in suitable environments and seen by legitimate audiences.

The company’s solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.