Dynamic Technology Lab Private Ltd Invests $1.42 Million in DoubleVerify Holdings, Inc. $DV

Dynamic Technology Lab Private Ltd purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 118,475 shares of the company’s stock, valued at approximately $1,419,000.

Several other large investors have also bought and sold shares of DV. Clearstead Advisors LLC grew its holdings in DoubleVerify by 210.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after acquiring an additional 1,392 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of DoubleVerify in the 2nd quarter valued at $42,000. Atlantic Union Bankshares Corp bought a new position in shares of DoubleVerify in the 3rd quarter worth $51,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Up 0.7%

Shares of DoubleVerify stock opened at $11.00 on Friday. The stock’s fifty day simple moving average is $10.37 and its 200 day simple moving average is $11.46. The company has a market capitalization of $1.78 billion, a PE ratio of 36.67, a PEG ratio of 1.25 and a beta of 0.98. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business had revenue of $205.59 million during the quarter, compared to analyst estimates of $208.77 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on DV. Royal Bank Of Canada dropped their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Needham & Company LLC decreased their target price on DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Stifel Nicolaus lowered their price target on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Canaccord Genuity Group cut their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Scotiabank reissued an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.88.

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.