50,614 Shares in DoubleVerify Holdings, Inc. $DV Acquired by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,614 shares of the company’s stock, valued at approximately $606,000. DoubleVerify accounts for about 0.3% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 13th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in shares of DoubleVerify by 572.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after purchasing an additional 2,031 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in DoubleVerify during the second quarter valued at $42,000. Farther Finance Advisors LLC grew its holdings in DoubleVerify by 3,035.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after acquiring an additional 3,066 shares during the period. GAMMA Investing LLC raised its position in shares of DoubleVerify by 176.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock worth $51,000 after acquiring an additional 2,180 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of DoubleVerify by 253.6% in 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 period. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 3.2%

DoubleVerify stock opened at $11.18 on Wednesday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The firm’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $13.31. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $23.11. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last posted its earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.09 by $0.13. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The company had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DV. JMP Securities reiterated a “market outperform” rating and issued a $20.00 target price on shares of DoubleVerify in a report on Tuesday, September 2nd. Wells Fargo & Company lowered their price objective on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, October 21st. Canaccord Genuity Group cut their target price 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. Royal Bank Of Canada decreased their price target on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Finally, Scotiabank reissued an “outperform” rating on shares of DoubleVerify in a research report on Monday, November 10th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.38.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.