Legal & General Group Plc bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 305,908 shares of the company's stock, valued at approximately $3,316,000. Legal & General Group Plc owned 0.20% of DoubleVerify as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in DV. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company's stock valued at $169,045,000 after buying an additional 360,055 shares during the period. Diversified Investment Strategies LLC purchased a new stake in DoubleVerify in the first quarter valued at approximately $3,246,000. Empowered Funds LLC acquired a new stake in DoubleVerify during the 1st quarter worth $1,687,000. Quantinno Capital Management LP grew its holdings in shares of DoubleVerify by 181.5% during the first quarter. Quantinno Capital Management LP now owns 426,329 shares of the company's stock worth $4,050,000 after buying an additional 274,896 shares during the last quarter. Finally, Pale Fire Capital SE purchased a new position in shares of DoubleVerify in the 1st quarter valued at approximately $1,050,000. Hedge funds and other institutional investors own 97.29% of the company's stock.
DoubleVerify Price Performance
Shares of DV opened at $13.36 on Friday. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $15.56. The stock's fifty day moving average is $12.20 and its 200-day moving average is $10.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.50. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99.
DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The company had revenue of $193.79 million during the quarter, compared to analyst estimates of $202.23 million. During the same quarter last year, the firm posted $0.05 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Scotiabank lowered DoubleVerify from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $15.00 to $13.60 in a research note on Friday, August 7th. Raymond James Financial downgraded shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a research note on Friday, August 7th. BMO Capital Markets set a $13.60 price target on DoubleVerify in a report on Friday, August 7th. Citizens Jmp downgraded DoubleVerify from a "market outperform" rating to a "hold" rating in a report on Friday, August 7th. Finally, Canaccord Genuity Group lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and cut their price target for the company from $16.00 to $13.60 in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, DoubleVerify currently has a consensus rating of "Hold" and a consensus target price of $13.52.
Get Our Latest Analysis on DV
DoubleVerify Profile
(
Free Report)
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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