Fort Washington Investment Advisors Inc. OH Raises Holdings in DoubleVerify Holdings, Inc. $DV

Fort Washington Investment Advisors Inc. OH grew its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,882,832 shares of the company’s stock after buying an additional 229,700 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 1.17% of DoubleVerify worth $21,540,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Baird Financial Group Inc. purchased a new position in DoubleVerify in the first quarter worth $154,000. Woodline Partners LP boosted its position in shares of DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of DoubleVerify by 10.4% during the 1st 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 purchasing an additional 43,343 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of DoubleVerify by 184.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,971 shares of the company’s stock worth $164,000 after purchasing an additional 7,118 shares during the period. Finally, Creative Planning increased its holdings in shares of DoubleVerify by 17.8% in the 2nd quarter. Creative Planning now owns 25,827 shares of the company’s stock valued at $387,000 after purchasing an additional 3,900 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Stock Down 5.0%

NYSE:DV opened at $9.34 on Friday. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82. The stock has a fifty day simple moving average of $10.10 and a 200-day simple moving average of $10.89. The company has a market capitalization of $1.51 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Morgan Stanley upped their target price on shares of 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 reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price target 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. Finally, Royal Bank Of Canada decreased their price target on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

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.