Algert Global LLC Purchases 465,913 Shares of DoubleVerify Holdings, Inc. $DV

Algert Global LLC increased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 71.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,119,179 shares of the company’s stock after purchasing an additional 465,913 shares during the quarter. Algert Global LLC owned approximately 0.69% of DoubleVerify worth $13,408,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. bought a new stake in shares of DoubleVerify during the 1st quarter worth about $154,000. Woodline Partners LP raised its holdings in DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after acquiring an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in DoubleVerify by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after acquiring an additional 43,343 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of DoubleVerify by 22.7% during the second quarter. Savant Capital LLC now owns 25,328 shares of the company’s stock worth $379,000 after acquiring an additional 4,683 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of DoubleVerify during the second quarter worth approximately $292,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DV. Royal Bank Of Canada lowered their target price on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Morgan Stanley upped their price objective on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Zacks Research cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Barclays reissued an “equal weight” rating and set a $12.00 target price on shares of DoubleVerify in a report on Monday, January 12th. Finally, Wells Fargo & Company boosted their target price on shares of DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Monday, March 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.88.

DoubleVerify Trading Down 1.6%

Shares of NYSE:DV opened at $10.20 on Monday. The firm has a 50 day moving average of $10.28 and a 200-day moving average of $11.23. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The stock has a market capitalization of $1.65 billion, a PE ratio of 33.98, a PEG ratio of 1.16 and a beta of 0.98.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business had revenue of $205.59 million during the quarter, compared to the consensus estimate of $208.77 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

About DoubleVerify

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.