WINTON GROUP Ltd Sells 363,919 Shares of DoubleVerify Holdings, Inc. $DV

Key Points

• WINTON GROUP Ltd cut its DoubleVerify stake by 84% in the second quarter, selling 363,919 shares and retaining 69,154 shares valued at approximately $750,000.
• Analyst sentiment is largely cautious: DoubleVerify has an average rating of “Hold”, with 14 Hold ratings and two Buys. The average price target is $13.52.
• DoubleVerify shares opened at $13.52, near their 52-week high of $13.65. The company beat quarterly earnings expectations with EPS of $0.22, although revenue of $193.79 million came in below estimates.

WINTON GROUP Ltd lessened its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 84.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,154 shares of the company's stock after selling 363,919 shares during the period. WINTON GROUP Ltd's holdings in DoubleVerify were worth $750,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DV. Hsbc Holdings PLC lifted its stake in shares of DoubleVerify by 1.5% during the 2nd quarter. Hsbc Holdings PLC now owns 77,453 shares of the company's stock worth $839,000 after acquiring an additional 1,169 shares during the last quarter. Handelsbanken Fonder AB grew its position in DoubleVerify by 4.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company's stock valued at $347,000 after acquiring an additional 1,200 shares during the last quarter. Hantz Financial Services Inc. grew its position in DoubleVerify by 37.2% in the 4th quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company's stock valued at $54,000 after acquiring an additional 1,284 shares during the last quarter. Clearstead Advisors LLC increased its stake in DoubleVerify by 81.2% in the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company's stock worth $43,000 after purchasing an additional 1,669 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in DoubleVerify in the second quarter worth $27,000. Institutional investors own 97.29% of the company's stock.

Wall Street Analyst Weigh In

DV has been the subject of a number of recent analyst reports. BMO Capital Markets set a $13.60 target price on shares of DoubleVerify in a research note on Friday, August 7th. Canaccord Genuity Group downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating and reduced their price target for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Royal Bank Of Canada lowered shares of DoubleVerify from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $14.00 to $13.60 in a report on Friday, August 7th. Nomura set a $13.60 price objective on shares of DoubleVerify in a research report on Friday, August 7th. Finally, Raymond James Financial downgraded shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.52.

DoubleVerify Stock Performance

Shares of DV stock opened at $13.52 on Tuesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 1.46 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $13.65. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $12.46 and its 200 day moving average is $11.04.

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. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The company had revenue of $193.79 million during the quarter, compared to analyst estimates of $202.23 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. DoubleVerify's revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.

DoubleVerify Profile

DoubleVerify Holdings, Inc provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are delivered in appropriate environments, viewed by real users and displayed as intended across digital channels.

The company's solutions address areas including viewability, fraud and invalid traffic, brand safety and suitability, media quality, campaign reach and performance.

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