BlackRock Inc. Boosts Position in DoubleVerify Holdings, Inc. $DV

BlackRock Inc. grew its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 19.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,152,508 shares of the company's stock after acquiring an additional 3,799,956 shares during the period. BlackRock Inc. owned about 15.09% of DoubleVerify worth $250,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company's stock valued at $28,000 after acquiring an additional 1,492 shares in the last quarter. UMB Bank n.a. grew its holdings in DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company's stock worth $32,000 after acquiring an additional 1,528 shares in the last quarter. Bayforest Capital Ltd bought a new position in DoubleVerify during the 2nd quarter worth about $36,000. Clearstead Advisors LLC increased its position in DoubleVerify by 81.2% during the 4th quarter. Clearstead Advisors LLC now owns 3,724 shares of the company's stock valued at $43,000 after purchasing an additional 1,669 shares during the period. Finally, Allworth Financial LP increased its position in DoubleVerify by 121.9% during the 4th quarter. Allworth Financial LP now owns 4,699 shares of the company's stock valued at $54,000 after purchasing an additional 2,581 shares during the period. Institutional investors own 97.29% of the company's stock.

DoubleVerify Trading Down 0.2%

NYSE:DV opened at $13.30 on Thursday. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.44. The firm has a 50 day moving average of $11.78 and a 200 day moving average of $10.67. 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 has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 1.45 and a beta of 0.98.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The business had revenue of $193.79 million for the quarter, compared to analyst estimates of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. As a group, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DV. Raymond James Financial cut shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $13.60 price objective on shares of DoubleVerify in a research note on Friday, August 21st. BMO Capital Markets set a $13.60 target price on DoubleVerify in a report on Friday, August 7th. Citizens Jmp cut DoubleVerify from a "market outperform" rating to a "hold" rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group lifted their price target on DoubleVerify from $10.50 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $13.95.

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.

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