Hussman Strategic Advisors Inc. Purchases Shares of 210,000 DoubleVerify Holdings, Inc. $DV

Hussman Strategic Advisors Inc. acquired a new position in DoubleVerify Holdings, Inc. (NYSE:DV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 210,000 shares of the company’s stock, valued at approximately $2,516,000. Hussman Strategic Advisors Inc. owned approximately 0.13% of DoubleVerify at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in DoubleVerify by 40.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock worth $43,397,000 after buying an additional 1,049,726 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of DoubleVerify in the 2nd quarter worth approximately $38,325,000. SG Capital Management LLC purchased a new stake in shares of DoubleVerify in the 2nd quarter valued at $33,642,000. Ameriprise Financial Inc. grew its holdings in shares of DoubleVerify by 45.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,726,357 shares of the company’s stock valued at $25,844,000 after purchasing an additional 536,943 shares during the last quarter. Finally, Sunriver Management LLC raised its position in DoubleVerify by 0.5% in the 2nd quarter. Sunriver Management LLC now owns 1,689,893 shares of the company’s stock worth $25,298,000 after purchasing an additional 8,114 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

Shares of DV stock opened at $10.93 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The firm has a market cap of $1.76 billion, a P/E ratio of 43.70, a P/E/G ratio of 0.74 and a beta of 0.98. The business’s 50 day moving average price is $10.92 and its 200-day moving average price is $12.52. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $23.11.

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

Analyst Ratings Changes

Several research firms have issued reports on DV. Stifel Nicolaus cut their price target on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Canaccord Genuity Group dropped their target price on DoubleVerify from $24.00 to $18.00 and set a “buy” rating for the company in a report on Monday, November 10th. Morgan Stanley lifted their price target on DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada cut their target price on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.41.

DoubleVerify Company 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.