Pacer Advisors Inc. Acquires 161,033 Shares of DoubleVerify Holdings, Inc. $DV

Pacer Advisors Inc. increased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 31.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 672,315 shares of the company’s stock after purchasing an additional 161,033 shares during the period. Pacer Advisors Inc.’s holdings in DoubleVerify were worth $6,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its stake 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 last quarter. UMB Bank n.a. grew its stake in shares of DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after buying an additional 1,528 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of DoubleVerify by 81.2% during the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after buying an additional 1,669 shares during the last quarter. Allworth Financial LP increased its holdings in shares of DoubleVerify by 121.9% in the fourth quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock worth $54,000 after buying an additional 2,581 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of DoubleVerify by 37.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock worth $54,000 after buying an additional 1,284 shares during the period. Institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Raymond James Financial reiterated an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a research report on Thursday, May 7th. Finally, Wells Fargo & Company dropped their price objective on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DoubleVerify currently has an average rating of “Hold” and a consensus target price of $14.50.

DoubleVerify Trading Up 0.2%

Shares of NYSE:DV opened at $11.96 on Thursday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company has a 50-day moving average price of $10.91 and a 200-day moving average price of $10.40. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82.

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.