DoubleVerify Holdings, Inc. $DV Shares Sold by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors cut its DoubleVerify stake by 99.6% in the third quarter, selling 3,030,626 shares and retaining 12,653 shares worth approximately $171,000.
• Institutional investors own 97.29% of DoubleVerify, with several firms—including State Street and Russell Investments—recently increasing their positions.
• Analyst sentiment is largely neutral: the stock has a consensus “Hold” rating from MarketBeat, with an average price target of $13.52. DoubleVerify recently beat quarterly EPS estimates, though revenue fell short of expectations.

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 99.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,653 shares of the company's stock after selling 3,030,626 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in DoubleVerify were worth $171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DV. Diversified Investment Strategies LLC bought a new stake in DoubleVerify during the first quarter worth approximately $3,246,000. State Street Corp lifted its holdings in shares of DoubleVerify by 23.3% during the 2nd 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 during the last quarter. Quantinno Capital Management LP lifted its stake in DoubleVerify by 181.5% in the first quarter. Quantinno Capital Management LP now owns 426,329 shares of the company's stock valued at $4,050,000 after acquiring an additional 274,896 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of DoubleVerify in the 1st quarter valued at $1,687,000. Finally, Russell Investments Group Ltd. increased its stake in shares of DoubleVerify by 92.0% in the second quarter. Russell Investments Group Ltd. now owns 299,346 shares of the company's stock worth $3,256,000 after purchasing an additional 143,429 shares during the period. Institutional investors own 97.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company raised DoubleVerify from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $8.00 to $13.60 in a report on Friday, August 7th. Scotiabank lowered shares of DoubleVerify from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $15.00 to $13.60 in a research report on Friday, August 7th. Truist Financial cut shares of DoubleVerify from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Raymond James Financial lowered shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada lowered shares of DoubleVerify from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $14.00 to $13.60 in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.52.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $13.49 on Friday. The company has a market capitalization of $2.09 billion, a PE ratio of 37.49, a PEG ratio of 1.47 and a beta of 0.99. 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 stock's fifty day simple moving average is $13.40 and its 200 day simple moving average is $11.58. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $13.65.

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

About DoubleVerify

DoubleVerify Holdings, Inc is a software and data analytics company that provides measurement, verification and optimization services for digital advertising. Its platform helps advertisers, agencies, publishers and digital media platforms evaluate whether advertising was delivered to legitimate audiences, appeared in suitable environments and had an opportunity to be viewed.

The company's products and services address areas including ad fraud, viewability, brand safety and suitability, contextual targeting, media quality and campaign performance.

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