Deutsche Bank AG Has $3.39 Million Holdings in DoubleVerify Holdings, Inc. $DV

Key Points

• Deutsche Bank increased its DoubleVerify stake by 80.6% in the second quarter, bringing its holdings to 312,999 shares valued at approximately $3.39 million. Institutional investors collectively own 97.29% of the company.
• Analysts have largely adopted a cautious stance, with a consensus “Hold” rating and an average price target of $13.95. Several brokerages recently downgraded the stock or lowered their targets to $13.60.
• DoubleVerify reported adjusted earnings of $0.22 per share, beating estimates of $0.11, while revenue reached $193.79 million, up 2.5% year over year but below analyst expectations.

Deutsche Bank AG raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 80.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,999 shares of the company's stock after acquiring an additional 139,699 shares during the period. Deutsche Bank AG owned approximately 0.20% of DoubleVerify worth $3,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. bought a new position in DoubleVerify during the first quarter worth about $154,000. Woodline Partners LP boosted its holdings in DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company's stock valued at $412,000 after purchasing an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of DoubleVerify by 10.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company's stock worth $6,174,000 after purchasing an additional 43,343 shares in the last quarter. Creative Planning increased its holdings in shares of DoubleVerify by 17.8% during the second quarter. Creative Planning now owns 25,827 shares of the company's stock worth $387,000 after purchasing an additional 3,900 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of DoubleVerify by 624.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company's stock worth $69,000 after purchasing an additional 3,995 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DV. Raymond James Financial cut DoubleVerify from an "outperform" rating to a "market perform" rating in a research note on Friday, August 7th. 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 21st. Royal Bank Of Canada downgraded DoubleVerify from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $14.00 to $13.60 in a research report on Friday, August 7th. Finally, Nomura set a $13.60 target price on DoubleVerify in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Hold" and a consensus price target of $13.95.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $13.30 on Thursday. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.06 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. The company has a 50 day moving average of $11.78 and a 200-day moving average of $10.67. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $16.44.

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

DoubleVerify Company 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.

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