Assenagon Asset Management S.A. Acquires 1,049,726 Shares of DoubleVerify Holdings, Inc. $DV

Assenagon Asset Management S.A. increased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 40.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,622,449 shares of the company’s stock after purchasing an additional 1,049,726 shares during the period. Assenagon Asset Management S.A. owned approximately 2.21% of DoubleVerify worth $43,397,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System grew its position in DoubleVerify by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after purchasing an additional 754 shares during the last quarter. Woodline Partners LP grew its position in DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after acquiring an additional 762 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in DoubleVerify by 5.4% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock valued at $230,000 after purchasing an additional 785 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in DoubleVerify by 3.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock valued at $518,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in DoubleVerify by 572.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after purchasing an additional 2,031 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on DV. Morgan Stanley cut their price target on DoubleVerify from $16.50 to $15.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Needham & Company LLC reduced their target price on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Truist Financial decreased their price target on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. JMP Securities reissued a “market outperform” rating and issued a $20.00 price target on shares of DoubleVerify in a report on Tuesday, September 2nd. Finally, Barclays dropped their target price on shares of DoubleVerify from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.38.

DoubleVerify Trading Up 0.8%

NYSE DV opened at $11.34 on Friday. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.86 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.11. The stock’s 50 day moving average price is $10.92 and its two-hundred day moving average price is $13.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98.

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

About DoubleVerify

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.