Pale Fire Capital SE Has $2.39 Million Stake in DoubleVerify Holdings, Inc. $DV

Pale Fire Capital SE boosted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 99.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,336 shares of the company’s stock after purchasing an additional 109,836 shares during the quarter. Pale Fire Capital SE owned about 0.14% of DoubleVerify worth $2,388,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new stake in shares of DoubleVerify in the first quarter worth approximately $154,000. Woodline Partners LP lifted its stake in 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 acquiring an additional 762 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in DoubleVerify by 10.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after acquiring an additional 43,343 shares during the last quarter. Creative Planning boosted its holdings in DoubleVerify by 17.8% during the second quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after purchasing an additional 3,900 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of DoubleVerify by 624.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock worth $69,000 after buying an additional 3,995 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DV shares. Citizens Jmp downgraded DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th. Truist Financial cut DoubleVerify from a “buy” rating to a “hold” rating and lowered their target price for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Wells Fargo & Company upgraded DoubleVerify from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $8.00 to $13.60 in a research note on Friday, August 7th. Royal Bank Of Canada lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $14.00 to $13.60 in a research note on Friday, August 7th. Finally, The Goldman Sachs Group upped their price target on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.52.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $13.36 on Thursday. The firm has a market capitalization of $2.07 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.28. The business’s 50-day moving average price is $12.08 and its 200-day moving average price is $10.81.

DoubleVerify (NYSE:DV) last issued its earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The business had revenue of $193.79 million during the quarter, compared to analyst estimates of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.DoubleVerify’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.

DoubleVerify Company 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.