Russell Investments Group Ltd. Increases Holdings in DoubleVerify Holdings, Inc. $DV

Russell Investments Group Ltd. raised its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 92.0% in the second quarter, Holdings Channel reports. The institutional investor owned 299,346 shares of the company’s stock after buying an additional 143,429 shares during the quarter. Russell Investments Group Ltd.’s holdings in DoubleVerify were worth $3,256,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in shares of DoubleVerify by 0.6% in the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after acquiring an additional 754 shares during the last quarter. Woodline Partners LP raised its position in shares of DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of DoubleVerify by 2.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock worth $504,000 after purchasing an additional 1,098 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in DoubleVerify by 4.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Xponance LLC boosted its stake in DoubleVerify by 9.9% in the 4th quarter. Xponance LLC now owns 14,141 shares of the company’s stock worth $162,000 after purchasing an additional 1,275 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company raised shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $8.00 to $13.60 in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Raymond James Financial downgraded shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. The Goldman Sachs Group increased their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Truist Financial downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $13.60 in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DoubleVerify presently has a consensus rating of “Hold” and an average target price of $14.18.

DoubleVerify Stock Down 0.0%

Shares of DoubleVerify stock opened at $13.29 on Friday. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. The company’s 50 day moving average is $11.30 and its 200 day moving average is $10.52. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $16.44. The company has a quick ratio of 4.77, a current ratio of 4.50 and a debt-to-equity ratio of 0.01.

DoubleVerify Company 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.