Assenagon Asset Management S.A. Sells 354,323 Shares of DoubleVerify Holdings, Inc. $DV

Assenagon Asset Management S.A. decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,268,126 shares of the company’s stock after selling 354,323 shares during the quarter. Assenagon Asset Management S.A. owned approximately 2.03% of DoubleVerify worth $37,387,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DV. Wealth Enhancement Advisory Services LLC grew its holdings in DoubleVerify by 39.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 72,717 shares of the company’s stock worth $795,000 after acquiring an additional 20,445 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of DoubleVerify in the 4th quarter worth approximately $123,000. Central Pacific Bank Trust Division boosted its stake in shares of DoubleVerify by 9.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 13,707 shares of the company’s stock valued at $157,000 after purchasing an additional 1,130 shares in the last quarter. Penbrook Management LLC bought a new position in shares of DoubleVerify during the fourth quarter valued at approximately $1,177,000. Finally, GAMMA Investing LLC increased its holdings in DoubleVerify by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 9,395 shares of the company’s stock valued at $107,000 after buying an additional 5,891 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DV. Canaccord Genuity Group lowered their target price on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. Royal Bank Of Canada cut their price target on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Morgan Stanley boosted their price target on DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. Finally, Zacks Research lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.88.

DoubleVerify Trading Down 0.3%

NYSE DV opened at $9.85 on Thursday. The firm’s fifty day simple moving average is $10.13 and its two-hundred day simple moving average is $10.94. The firm has a market capitalization of $1.60 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.12 and a beta of 0.98. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $16.82.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.31 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 for the quarter, compared to analysts’ expectations of $208.77 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share 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.