Transmarket Holdings LP Makes New Investment in DoubleVerify Holdings, Inc. $DV

Transmarket Holdings LP bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 72,480 shares of the company’s stock, valued at approximately $978,000.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in DoubleVerify by 52.5% in the 3rd quarter. Signaturefd LLC now owns 7,321 shares of the company’s stock valued at $99,000 after purchasing an additional 2,521 shares during the period. Sterling Capital Management LLC increased its holdings in shares of DoubleVerify by 371.9% during the third quarter. Sterling Capital Management LLC now owns 4,228 shares of the company’s stock worth $57,000 after purchasing an additional 3,332 shares during the period. Inspire Investing LLC bought a new position in shares of DoubleVerify during the third quarter worth approximately $636,000. GAMMA Investing LLC raised its position in shares of DoubleVerify by 38.7% in the third quarter. GAMMA Investing LLC now owns 10,056 shares of the company’s stock valued at $136,000 after buying an additional 2,806 shares in the last quarter. Finally, State Street Corp raised its position in shares of DoubleVerify by 23.3% in the second quarter. State Street Corp now owns 5,375,150 shares of the company’s stock valued at $58,267,000 after buying an additional 1,014,027 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut DoubleVerify from an “overweight” rating to a “neutral” rating and set a $13.60 price target for the company. in a research note on Friday, August 21st. Canaccord Genuity Group lowered DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Citizens Jmp cut DoubleVerify from a “market outperform” rating to a “hold” rating in a report on Friday, August 7th. Nomura set a $13.60 target price on DoubleVerify in a research report on Friday, August 7th. Finally, Scotiabank lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $15.00 to $13.60 in a report 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.52.

DoubleVerify Stock Performance

NYSE:DV opened at $13.56 on Thursday. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $13.65. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $13.44 and its 200 day simple moving average is $11.29. The firm has a market capitalization of $2.10 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $193.79 million during the quarter, compared to analysts’ expectations of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%. DoubleVerify’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. On average, analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc (NYSE: DV) provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are viewable, delivered in suitable environments and seen by legitimate audiences.

The company’s solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.