Andra AP fonden Buys Shares of 157,720 DoubleVerify Holdings, Inc. $DV

Andra AP fonden purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DVFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 157,720 shares of the company’s stock, valued at approximately $1,889,000. Andra AP fonden owned 0.10% of DoubleVerify at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DV. Clearstead Advisors LLC lifted its holdings in DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after acquiring an additional 1,392 shares during the last quarter. Hantz Financial Services Inc. raised its position in DoubleVerify by 178.9% in the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of DoubleVerify in the 2nd quarter valued at $42,000. Atlantic Union Bankshares Corp purchased a new position in shares of DoubleVerify during the 3rd quarter worth $51,000. Finally, Bessemer Group Inc. increased its position in shares of DoubleVerify by 223.1% during the 2nd quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock worth $56,000 after purchasing an additional 2,583 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $10.58 on Monday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 0.70 and a beta of 0.98. The firm has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $11.61. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $17.08.

DoubleVerify (NYSE:DVGet Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $205.59 million for the quarter, compared to analyst estimates of $208.77 million. DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.DoubleVerify’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. Zacks Research cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Morgan Stanley upped their price objective on shares of DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Needham & Company LLC lowered their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.94.

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DoubleVerify News Summary

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DoubleVerify Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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