65,250 Shares in DoubleVerify Holdings, Inc. $DV Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 65,250 shares of the company’s stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clearstead Advisors LLC lifted its holdings in shares of DoubleVerify by 210.0% during the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after buying an additional 1,392 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of DoubleVerify by 178.9% in the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after acquiring an additional 2,211 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of DoubleVerify in the second quarter worth $42,000. Atlantic Union Bankshares Corp acquired a new stake in shares of DoubleVerify in the third quarter worth $51,000. Finally, Tower Research Capital LLC TRC increased its position in DoubleVerify by 253.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after acquiring an additional 2,660 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DV. JPMorgan Chase & Co. cut their target price on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Royal Bank Of Canada decreased their price target on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Needham & Company LLC dropped their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Truist Financial cut their price objective on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.88.

DoubleVerify Price Performance

Shares of DV stock opened at $11.00 on Friday. The stock has a market cap of $1.78 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82. The stock has a fifty day moving average price of $10.37 and a 200 day moving average price of $11.46.

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