Penbrook Management LLC Buys Shares of 102,910 DoubleVerify Holdings, Inc. $DV

Penbrook Management LLC purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 102,910 shares of the company’s stock, valued at approximately $1,177,000. Penbrook Management LLC owned about 0.06% of DoubleVerify as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Clearstead Advisors LLC raised 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 valued at $25,000 after purchasing an additional 1,392 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in DoubleVerify in the second quarter worth approximately $42,000. Hantz Financial Services Inc. grew its position in DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after purchasing an additional 2,211 shares during the period. Tower Research Capital LLC TRC grew its position in DoubleVerify by 253.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after purchasing an additional 2,660 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in DoubleVerify during the 3rd quarter valued at $51,000. 97.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada reduced their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Canaccord Genuity Group lowered their target price on DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company boosted their price target on DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.88.

DoubleVerify Stock Performance

NYSE:DV opened at $10.05 on Friday. The stock has a 50-day simple moving average of $10.20 and a two-hundred day simple moving average of $11.13. The firm has a market capitalization of $1.63 billion, a PE ratio of 33.48, a P/E/G ratio of 1.13 and a beta of 0.98. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82.

DoubleVerify (NYSE:DV) last posted 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). The company had revenue of $205.59 million during the quarter, compared to the consensus estimate of $208.77 million. DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. Equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.