Elo Mutual Pension Insurance Co Boosts Stock Position in DoubleVerify Holdings, Inc. $DV

Key Points

• Elo Mutual Pension Insurance Co boosted its stake in DoubleVerify by 378% in Q3, buying 111,522 shares to hold 141,027 shares (about 0.09% of the company) worth roughly $1.69 million.
• DoubleVerify missed expectations in its most recent quarter with EPS of $0.31 vs. $0.33 expected and revenue of $205.6M vs. $208.8M expected, though revenue was up 7.9% year‑over‑year; the stock has a $1.67B market cap, a P/E of 34.43 and a one‑year range of $7.64–$16.82.
• Institutional investors own about 97.29% of the stock, with several large funds building or increasing positions, and analysts hold a consensus rating of Moderate Buy with an average target price of $15.88.

Elo Mutual Pension Insurance Co boosted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 378.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,027 shares of the company's stock after purchasing an additional 111,522 shares during the quarter. Elo Mutual Pension Insurance Co owned about 0.09% of DoubleVerify worth $1,690,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DV. Cooper Creek Partners Management LLC bought a new stake in shares of DoubleVerify in the 2nd quarter worth about $38,325,000. SG Capital Management LLC purchased a new position in DoubleVerify in the second quarter worth about $33,642,000. Norges Bank bought a new stake in DoubleVerify during the second quarter worth approximately $23,640,000. Arohi Asset Management PTE Ltd. purchased a new stake in DoubleVerify during the second quarter valued at approximately $17,214,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of DoubleVerify by 40.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company's stock valued at $43,397,000 after purchasing an additional 1,049,726 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DV shares. Morgan Stanley boosted their target price on DoubleVerify from $15.00 to $15.50 and gave the company an "equal weight" rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a "sell (d+)" rating on shares of DoubleVerify in a research report on Wednesday, January 21st. Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $18.00 to $16.00 and set a "buy" rating for the company in a report on Friday, February 27th. Truist Financial cut their price target on shares of DoubleVerify from $22.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, November 10th. Finally, Wells Fargo & Company increased their price objective on shares of DoubleVerify from $8.00 to $9.00 and gave the stock an "underweight" rating in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.88.

DoubleVerify Price Performance

Shares of DV stock opened at $10.33 on Thursday. The company has a market capitalization of $1.67 billion, a P/E ratio of 34.43, a P/E/G ratio of 0.90 and a beta of 0.98. The company's 50-day simple moving average is $10.39 and its two-hundred day simple moving average is $11.53. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). The firm had revenue of $205.59 million during the quarter, compared to analysts' expectations of $208.77 million. DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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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