Magnetar Financial LLC Invests $2.15 Million in DoubleVerify Holdings, Inc. $DV

Magnetar Financial LLC acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the third quarter, HoldingsChannel reports. The fund acquired 179,557 shares of the company’s stock, valued at approximately $2,151,000.

Several other institutional investors also recently bought and sold shares of DV. Clearstead Advisors LLC raised its position in DoubleVerify by 210.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after buying an additional 1,392 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of DoubleVerify by 178.9% in the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after acquiring an additional 2,211 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of DoubleVerify in the second quarter valued at about $42,000. Atlantic Union Bankshares Corp acquired a new position in shares of DoubleVerify during the third quarter worth about $51,000. Finally, Tower Research Capital LLC TRC raised its holdings in DoubleVerify by 253.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after purchasing an additional 2,660 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DV has been the subject of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Morgan Stanley increased their target price on DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Barclays reissued an “equal weight” rating and issued a $12.00 price target on shares of DoubleVerify in a report on Monday, January 12th. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company increased their price objective on DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, March 2nd. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.88.

DoubleVerify Trading Down 2.4%

Shares of DoubleVerify stock opened at $10.34 on Friday. The company has a 50-day moving average of $10.30 and a two-hundred day moving average of $11.34. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $16.82. The stock has a market cap of $1.67 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The firm had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. During the same period last year, the firm earned $0.13 EPS. DoubleVerify’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS 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.