177,611 Shares in DoubleVerify Holdings, Inc. $DV Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 177,611 DoubleVerify shares worth approximately $1.69 million, giving it a roughly 0.12% stake. Institutional investors collectively own 97.29% of the company.
• Analyst sentiment is broadly neutral: DoubleVerify has a consensus “Hold” rating and an average price target of $14.18, with several firms recently lowering targets or downgrading the stock.
• Nielsen has proposed acquiring DoubleVerify for $13.60 per share in cash, a transaction expected to combine DoubleVerify’s advertising measurement technology with Nielsen’s audience-measurement business.

Empowered Funds LLC purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 177,611 shares of the company's stock, valued at approximately $1,687,000. Empowered Funds LLC owned approximately 0.12% of DoubleVerify as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in DoubleVerify by 0.6% during the 2nd 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 during the last quarter. Woodline Partners LP lifted its stake in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company's stock worth $412,000 after buying an additional 762 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in DoubleVerify by 2.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company's stock worth $504,000 after acquiring an additional 1,098 shares during the last quarter. Handelsbanken Fonder AB grew its stake in DoubleVerify by 4.1% during 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. Finally, Xponance LLC raised its holdings in DoubleVerify by 9.9% in the 4th quarter. Xponance LLC now owns 14,141 shares of the company's stock valued at $162,000 after acquiring an additional 1,275 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Analysts Set New Price Targets

DV has been the topic of a number of recent research reports. Wall Street Zen lowered DoubleVerify from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $13.60 target price (down from $16.00) on shares of DoubleVerify in a research note on Friday. The Goldman Sachs Group lifted their price target on DoubleVerify from $10.50 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Citizens Jmp reaffirmed a "market perform" rating on shares of DoubleVerify in a research note on Friday. Finally, Royal Bank Of Canada downgraded shares of DoubleVerify from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $14.00 to $13.60 in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $14.18.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $13.21 on Friday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. The business's 50 day simple moving average is $11.02 and its 200-day simple moving average is $10.43. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.44.

Key DoubleVerify News

Here are the key news stories impacting DoubleVerify this week:

• Positive Sentiment: Nielsen will pay $13.60 per DoubleVerify share in cash, providing a meaningful premium and establishing a potential near-term valuation anchor. The transaction is expected to combine DoubleVerify’s media-quality and ad-performance technology with Nielsen’s audience measurement and media-intelligence business. Nielsen Is Acquiring DoubleVerify For $2.15 Billion
• Positive Sentiment: The acquisition announcement outweighed mixed quarterly results and drove heavy investor interest, with the stock trading close to Nielsen’s proposed cash consideration. Nielsen to Acquire DoubleVerify

DoubleVerify 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.

Want to see what other hedge funds are holding DV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleVerify Holdings, Inc. (NYSE:DV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source