Tocqueville Asset Management L.P. Takes Position in DoubleVerify Holdings, Inc. $DV

Key Points

• Tocqueville Asset Management acquired 480,500 DoubleVerify shares worth approximately $5.2 million, representing a 0.31% stake. Institutional investors collectively own 97.29% of the company.
• DoubleVerify reported quarterly EPS of $0.22, beating estimates of $0.11, while revenue of $193.79 million fell short of the $202.23 million consensus but increased 2.5% year over year.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $14.18 target price, while shares recently opened at $13.31.

Tocqueville Asset Management L.P. acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 480,500 shares of the company's stock, valued at approximately $5,209,000. Tocqueville Asset Management L.P. owned 0.31% of DoubleVerify at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DV. Vanguard Group Inc. grew its stake in shares of DoubleVerify by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company's stock worth $169,045,000 after acquiring an additional 360,055 shares in the last quarter. Diversified Investment Strategies LLC bought a new stake in shares of DoubleVerify in the first quarter worth $3,246,000. Empowered Funds LLC bought a new stake in shares of DoubleVerify in the first quarter worth $1,687,000. Pale Fire Capital SE acquired a new position in DoubleVerify during the first quarter worth $1,050,000. Finally, Quantinno Capital Management LP boosted its holdings in 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 purchasing an additional 274,896 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

NYSE:DV opened at $13.31 on Friday. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.44. The company has a market cap of $2.06 billion, a P/E ratio of 36.97, a P/E/G ratio of 1.39 and a beta of 0.98. The firm's fifty day moving average price is $11.54 and its two-hundred day moving average price is $10.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50.

DoubleVerify (NYSE:DV - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.11. The company had revenue of $193.79 million during the quarter, compared to analysts' expectations of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. DoubleVerify's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. Equities analysts expect that DoubleVerify Holdings, Inc. will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on DV shares. Weiss Ratings restated a "sell (d+)" rating on shares of DoubleVerify in a research note on Friday, July 17th. The Goldman Sachs Group upped their price objective on DoubleVerify from $10.50 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Raymond James Financial downgraded DoubleVerify from an "outperform" rating to a "market perform" rating in a report on Friday, August 7th. Truist Financial cut shares of DoubleVerify from a "buy" rating to a "hold" rating and decreased their target price for the company from $16.00 to $13.60 in a research note on Friday, August 7th. Finally, Nomura set a $13.60 target price on shares of DoubleVerify in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.18.

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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