Hsbc Holdings PLC Buys New Position in DoubleVerify Holdings, Inc. $DV

Key Points

• HSBC bought 77,453 shares of DoubleVerify in the second quarter, valued at approximately $839,000. Institutional investors collectively own 97.29% of the company.
• Analyst sentiment is largely cautious: DoubleVerify received multiple downgrades to “hold,” with a consensus rating of Hold and an average price target of $13.52.
• DoubleVerify’s latest results were mixed, with quarterly EPS of $0.22 beating estimates of $0.11, while revenue of $193.79 million fell short of expectations and rose 2.5% year over year.

Hsbc Holdings PLC bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 77,453 shares of the company's stock, valued at approximately $839,000.

Several other institutional investors have also added to or reduced their stakes in DV. Quantbot Technologies LP bought a new stake in shares of DoubleVerify during the 2nd quarter valued at $27,000. Quadrant Capital Group LLC raised its holdings in DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company's stock worth $28,000 after purchasing an additional 1,492 shares during the period. UMB Bank n.a. raised its holdings in DoubleVerify by 124.3% in the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company's stock worth $32,000 after purchasing an additional 1,528 shares during the period. Bayforest Capital Ltd purchased a new position in DoubleVerify during the second quarter valued at $36,000. Finally, Tower Research Capital LLC TRC lifted its position in DoubleVerify by 253.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company's stock valued at $56,000 after purchasing an additional 2,660 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DV. Citizens Jmp cut DoubleVerify from a "market outperform" rating to a "hold" rating in a research report on Friday, August 7th. Truist Financial lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and reduced their target price for the stock from $16.00 to $13.60 in a report on Friday, August 7th. The Goldman Sachs Group raised 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. Raymond James Financial cut shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a research report on Friday, August 7th. Finally, Nomura set a $13.60 target price on DoubleVerify in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, DoubleVerify has a consensus rating of "Hold" and an average price target of $13.52.

DoubleVerify Price Performance

DV stock opened at $13.37 on Wednesday. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.28. The firm has a market capitalization of $2.07 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The company has a fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $10.78. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01.

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

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.

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