Deutsche Bank AG Buys 139,699 Shares of DoubleVerify Holdings, Inc. $DV

Deutsche Bank AG increased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 80.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,999 shares of the company’s stock after purchasing an additional 139,699 shares during the quarter. Deutsche Bank AG’s holdings in DoubleVerify were worth $3,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of DoubleVerify by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after purchasing an additional 360,055 shares during the last quarter. Diversified Investment Strategies LLC bought a new position in DoubleVerify during the 1st quarter worth $3,246,000. Empowered Funds LLC acquired a new position in DoubleVerify during the 1st quarter worth about $1,687,000. Pale Fire Capital SE bought a new stake in shares of DoubleVerify in the 1st quarter valued at about $1,050,000. Finally, Quantinno Capital Management LP grew its position in shares of DoubleVerify by 181.5% in the 1st quarter. Quantinno Capital Management LP now owns 426,329 shares of the company’s stock valued at $4,050,000 after buying an additional 274,896 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 0.2%

Shares of NYSE:DV opened at $13.30 on Thursday. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $16.44. 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 business’s 50-day moving average is $11.78 and its 200-day moving average is $10.67. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 1.45 and a beta of 0.98.

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

Analyst Ratings Changes

DV has been the subject of a number of analyst reports. Truist Financial downgraded DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. BMO Capital Markets set a $13.60 target price on shares of DoubleVerify in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Nomura set a $13.60 price target on shares of DoubleVerify in a research report on Friday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.95.

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.