DoubleVerify Holdings, Inc. $DV Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 90.3% in the third quarter, HoldingsChannel reports. The firm owned 66,597 shares of the company’s stock after selling 618,522 shares during the period. New York State Common Retirement Fund’s holdings in DoubleVerify were worth $798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DV. California State Teachers Retirement System boosted its holdings in DoubleVerify by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock valued at $1,993,000 after purchasing an additional 754 shares during the last quarter. Woodline Partners LP raised 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 valued at $412,000 after buying an additional 762 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in DoubleVerify by 5.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock valued at $230,000 after acquiring an additional 785 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in DoubleVerify by 3.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock worth $518,000 after acquiring an additional 1,028 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in DoubleVerify by 11.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,561 shares of the company’s stock worth $162,000 after acquiring an additional 1,403 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DV. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $13.50 target price on shares of DoubleVerify in a research report on Tuesday, October 14th. Needham & Company LLC lowered their target price on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Zacks Research downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, DoubleVerify currently has an average rating of “Hold” and an average price target of $16.41.

DoubleVerify Stock Performance

Shares of DV stock opened at $9.77 on Wednesday. The firm has a 50 day moving average of $10.85 and a two-hundred day moving average of $12.14. The stock has a market capitalization of $1.57 billion, a PE ratio of 39.08, a P/E/G ratio of 0.62 and a beta of 0.98. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.11.

DoubleVerify Profile

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.