UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 121,680 Shares of DoubleVerify Holdings, Inc. $DV

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 27.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,555 shares of the company’s stock after selling 121,680 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in DoubleVerify were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in DV. California State Teachers Retirement System increased its holdings in DoubleVerify by 0.6% in the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after purchasing an additional 754 shares in the last quarter. Woodline Partners LP grew its position in shares of DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after buying an additional 762 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of DoubleVerify by 2.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock worth $504,000 after buying an additional 1,098 shares during the period. Hsbc Holdings PLC increased its stake in shares of DoubleVerify by 1.5% in the 2nd quarter. Hsbc Holdings PLC now owns 77,453 shares of the company’s stock valued at $839,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of DoubleVerify by 4.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock valued at $347,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DV. Weiss Ratings raised shares of DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Canaccord Genuity Group downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their price target for the company from $16.00 to $13.60 in a research note on Friday, August 7th. Citizens Jmp lowered shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a report on Friday, August 7th. Nomura set a $13.60 price objective on shares of DoubleVerify in a research report on Friday, August 7th. Finally, Raymond James Financial downgraded DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.52.

DoubleVerify Trading Up 0.3%

NYSE:DV opened at $13.38 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $14.00. The company has a market cap of $2.07 billion, a PE ratio of 37.15, a PEG ratio of 1.45 and a beta of 0.99. The firm has a 50-day moving average of $12.38 and a 200-day moving average of $10.97.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. The business had revenue of $193.79 million for the quarter, compared to analysts’ expectations of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. As a group, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.

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.