DoubleVerify Holdings, Inc. $DV Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 529,775 shares of the company’s stock after acquiring an additional 69,972 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of DoubleVerify worth $6,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Hantz Financial Services Inc. lifted its stake in DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after acquiring an additional 2,211 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in DoubleVerify in the 2nd quarter worth approximately $42,000. Atlantic Union Bankshares Corp bought a new stake in DoubleVerify during the third quarter worth approximately $51,000. Bessemer Group Inc. boosted its stake in DoubleVerify by 223.1% during the 2nd quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock valued at $56,000 after purchasing an additional 2,583 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in DoubleVerify by 253.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after purchasing an additional 2,660 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Up 2.7%

Shares of NYSE DV opened at $9.58 on Thursday. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $23.02. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 0.61 and a beta of 0.98. The stock has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $11.91.

Wall Street Analyst Weigh In

DV has been the subject of a number of recent research reports. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. Canaccord Genuity Group decreased their price target on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Zacks Research lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Needham & Company LLC decreased their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.