Van Berkom & Associates Inc. Acquires 95,235 Shares of DoubleVerify Holdings, Inc. $DV

Van Berkom & Associates Inc. grew its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,739,071 shares of the company’s stock after purchasing an additional 95,235 shares during the period. Van Berkom & Associates Inc. owned about 2.29% of DoubleVerify worth $44,794,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. TradeLink Capital LLC acquired a new position in DoubleVerify during the second quarter worth $607,000. Gagnon Securities LLC grew its position in shares of DoubleVerify by 280.9% in the 2nd quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock valued at $5,464,000 after acquiring an additional 269,170 shares during the period. Hussman Strategic Advisors Inc. bought a new position in shares of DoubleVerify in the 3rd quarter valued at about $2,516,000. JPMorgan Chase & Co. raised its holdings in shares of DoubleVerify by 18.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 768,230 shares of the company’s stock valued at $11,500,000 after purchasing an additional 117,161 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in DoubleVerify by 58.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 136,978 shares of the company’s stock valued at $2,051,000 after purchasing an additional 50,306 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of NYSE:DV opened at $9.80 on Wednesday. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $23.11. The company’s 50 day moving average price is $10.95 and its two-hundred day moving average price is $12.36. The firm has a market cap of $1.58 billion, a PE ratio of 39.20, a PEG ratio of 0.70 and a beta of 0.98. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The business had revenue of $188.62 million during the quarter, compared to analysts’ expectations of $190.43 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DV. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $13.50 target price on shares of DoubleVerify in a report on Tuesday, October 14th. Barclays reaffirmed an “equal weight” rating and set a $12.00 price objective on shares of DoubleVerify in a research report on Monday, January 12th. Canaccord Genuity Group dropped their price objective on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley lifted their target price on shares of DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.41.

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.