DoubleVerify Holdings, Inc. $DV Shares Sold by ING Groep NV

ING Groep NV reduced its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 83.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,300 shares of the company’s stock after selling 420,600 shares during the period. ING Groep NV owned 0.05% of DoubleVerify worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Elevation Point Wealth Partners LLC acquired a new stake in DoubleVerify in the second quarter worth approximately $42,000. Hantz Financial Services Inc. raised its stake in shares of DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after buying an additional 2,211 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of DoubleVerify by 253.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after buying an additional 2,660 shares during the period. Bessemer Group Inc. lifted its holdings in shares of DoubleVerify by 223.1% in the second quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock valued at $56,000 after buying an additional 2,583 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in DoubleVerify during the third quarter valued at about $51,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DV. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Barclays reissued an “equal weight” rating and set a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Royal Bank Of Canada reduced their target price on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Wells Fargo & Company dropped their price target on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. Finally, Needham & Company LLC reduced their price objective on DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.41.

DoubleVerify Stock Up 1.3%

Shares of NYSE:DV opened at $9.46 on Friday. The firm has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $12.04. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The company has a market cap of $1.52 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 0.62 and a beta of 0.98.

About DoubleVerify

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.