UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 121,680 Shares of DoubleVerify Holdings, Inc. $DV

Key Points

• UBS Asset Management cut its DoubleVerify stake by 27.5% in the second quarter, selling 121,680 shares and retaining 320,555 shares valued at approximately $3.48 million. Institutional investors own 97.29% of the company.
• Analyst sentiment is cautious: Raymond James, Canaccord Genuity and Truist Financial downgraded the stock to “hold,” while the consensus rating is Hold with an average price target of $13.52.
• DoubleVerify beat quarterly EPS estimates ($0.22 versus $0.11), but revenue of $193.79 million fell short of expectations and increased 2.5% year over year. The stock opened at $13.38, near its 52-week high of $14.00.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 27.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,555 shares of the company's stock after selling 121,680 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of DoubleVerify worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in DoubleVerify in the 2nd quarter valued at approximately $27,000. Quadrant Capital Group LLC boosted its position in DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company's stock valued at $28,000 after buying an additional 1,492 shares in the last quarter. UMB Bank n.a. grew its stake in shares of DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company's stock worth $32,000 after buying an additional 1,528 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of DoubleVerify during the second quarter worth $36,000. Finally, Clearstead Advisors LLC increased its holdings in shares of DoubleVerify by 81.2% during the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company's stock worth $43,000 after buying an additional 1,669 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DV shares. Raymond James Financial downgraded DoubleVerify from an "outperform" rating to a "market perform" rating in a report on Friday, August 7th. Canaccord Genuity Group cut DoubleVerify from a "buy" rating to a "hold" rating and lowered their target price for the stock from $16.00 to $13.60 in a report on Friday, August 7th. Nomura set a $13.60 target price on DoubleVerify in a research report on Friday, August 7th. Truist Financial lowered 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 research note on Friday, August 7th. Finally, Weiss Ratings upgraded DoubleVerify from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.52.

DoubleVerify Price Performance

DoubleVerify stock opened at $13.38 on Friday. The stock's 50 day moving average is $12.38 and its 200 day moving average is $10.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50. The firm has a market cap of $2.07 billion, a P/E ratio of 37.15, a P/E/G ratio of 1.45 and a beta of 0.99. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $14.00.

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