Riverbridge Partners LLC Has $13.71 Million Stock Holdings in DoubleVerify Holdings, Inc. $DV

Riverbridge Partners LLC reduced its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 13.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,442,814 shares of the company’s stock after selling 218,881 shares during the period. Riverbridge Partners LLC owned 0.92% of DoubleVerify worth $13,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC boosted its holdings in DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after acquiring an additional 1,392 shares during the last quarter. Quadrant Capital Group LLC increased its position in DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after purchasing an additional 1,492 shares during the period. UMB Bank n.a. raised its holdings in DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after purchasing an additional 1,528 shares during the last quarter. Allworth Financial LP lifted its position in DoubleVerify by 121.9% during the 4th quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock valued at $54,000 after purchasing an additional 2,581 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in DoubleVerify by 37.2% during the 4th quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock valued at $54,000 after purchasing an additional 1,284 shares during the period. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $10.47 on Wednesday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.14 and a beta of 1.00. The business has a 50 day simple moving average of $10.26 and a 200 day simple moving average of $10.36. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82.

Analyst Ratings Changes

Several brokerages have recently issued reports on DV. Royal Bank Of Canada lowered their price target on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Wells Fargo & Company cut their price objective on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Finally, The Goldman Sachs Group upped their target price on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and a consensus price target of $15.70.

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.