Inspire Investing LLC Purchases New Stake in DoubleVerify Holdings, Inc. $DV

Inspire Investing LLC purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the third quarter, HoldingsChannel reports. The institutional investor purchased 47,176 shares of the company’s stock, valued at approximately $636,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in DoubleVerify by 38.7% during the third quarter. GAMMA Investing LLC now owns 10,056 shares of the company’s stock worth $136,000 after buying an additional 2,806 shares during the period. State Street Corp increased its position in shares of DoubleVerify by 23.3% in the second quarter. State Street Corp now owns 5,375,150 shares of the company’s stock worth $58,267,000 after acquiring an additional 1,014,027 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of DoubleVerify by 122.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,027 shares of the company’s stock valued at $737,000 after acquiring an additional 37,439 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of DoubleVerify in the 2nd quarter valued at $205,000. Finally, Nykredit A S purchased a new position in shares of DoubleVerify in the 2nd quarter valued at $32,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DV. Royal Bank Of Canada lowered shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $14.00 to $13.60 in a report on Friday, August 7th. Scotiabank downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $15.00 to $13.60 in a report on Friday, August 7th. Truist Financial cut DoubleVerify from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Nomura set a $13.60 target price on DoubleVerify in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Two research 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 presently has a consensus rating of “Hold” and a consensus price target of $13.52.

DoubleVerify Price Performance

DV stock opened at $13.56 on Friday. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $13.65. The stock’s 50 day moving average is $13.44 and its two-hundred day moving average is $11.31. The company has a market capitalization of $2.10 billion, a PE ratio of 37.68, a P/E/G ratio of 1.46 and a beta of 0.99.

DoubleVerify (NYSE:DV) last announced its earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $193.79 million for the quarter, compared to analyst estimates of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%. DoubleVerify’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 EPS. Analysts predict that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc (NYSE: DV) 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 viewable, delivered in suitable environments and seen by legitimate audiences.

The company’s solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.