Caxton Associates LLP Makes New Investment in DoubleVerify Holdings, Inc. $DV

Caxton Associates LLP acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 86,719 shares of the company’s stock, valued at approximately $1,298,000. Caxton Associates LLP owned approximately 0.05% of DoubleVerify at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of DoubleVerify by 5.6% in the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock worth $246,891,000 after acquiring an additional 984,779 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of DoubleVerify in the 2nd quarter valued at approximately $38,325,000. SG Capital Management LLC purchased a new position in shares of DoubleVerify during the 2nd quarter valued at approximately $33,642,000. Ameriprise Financial Inc. grew its position in shares of DoubleVerify by 45.1% during the second quarter. Ameriprise Financial Inc. now owns 1,726,357 shares of the company’s stock worth $25,844,000 after buying an additional 536,943 shares in the last quarter. Finally, Sunriver Management LLC increased its stake in shares of DoubleVerify by 0.5% in the second quarter. Sunriver Management LLC now owns 1,689,893 shares of the company’s stock worth $25,298,000 after buying an additional 8,114 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on DV. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 21st. Royal Bank Of Canada lowered their price objective on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Scotiabank reaffirmed an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. Finally, Canaccord Genuity Group lowered their price target on DoubleVerify from $24.00 to $18.00 and set a “buy” rating for the company in a report on Monday, November 10th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, DoubleVerify has a consensus rating of “Hold” and an average target price of $16.38.

DoubleVerify Price Performance

NYSE DV opened at $10.82 on Tuesday. The company has a 50-day moving average price of $10.92 and a two-hundred day moving average price of $13.33. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.11. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The business had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insider Activity at DoubleVerify

In other news, insider Andrew E. Grimmig sold 4,096 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total transaction of $53,207.04. Following the transaction, the insider directly owned 96,301 shares of the company’s stock, valued at approximately $1,250,949.99. This trade represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.