Pacer Advisors Inc. Boosts Stock Position in DoubleVerify Holdings, Inc. $DV

Pacer Advisors Inc. boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 11,171.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 532,024 shares of the company’s stock after purchasing an additional 527,304 shares during the quarter. Pacer Advisors Inc. owned approximately 0.33% of DoubleVerify worth $6,374,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DV. Cooper Creek Partners Management LLC purchased a new position in shares of DoubleVerify in the 2nd quarter worth approximately $38,325,000. SG Capital Management LLC acquired a new stake in DoubleVerify in the second quarter valued at approximately $33,642,000. Norges Bank purchased a new position in DoubleVerify in the second quarter worth $23,640,000. Arohi Asset Management PTE Ltd. acquired a new position in shares of DoubleVerify during the second quarter worth $17,214,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of DoubleVerify by 40.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock valued at $43,397,000 after purchasing an additional 1,049,726 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial dropped their target price on DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Barclays dropped their price target on DoubleVerify from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, October 8th. Stifel Nicolaus dropped their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.38.

DoubleVerify Price Performance

Shares of NYSE DV opened at $11.49 on Monday. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.11. The business’s 50 day moving average price is $10.96 and its 200 day moving average price is $13.12. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.85 billion, a P/E ratio of 45.96, a P/E/G ratio of 1.90 and a beta of 0.99.

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

DoubleVerify 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.