Dana Investment Advisors Inc. Purchases New Position in DoubleVerify Holdings, Inc. $DV

Dana Investment Advisors Inc. acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 123,432 shares of the company’s stock, valued at approximately $1,412,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DV. Fortress Investment Group LLC acquired a new position in DoubleVerify during the 3rd quarter worth approximately $5,668,000. Elo Mutual Pension Insurance Co grew its position in DoubleVerify by 378.0% in the third quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock valued at $1,690,000 after acquiring an additional 111,522 shares in the last quarter. Penbrook Management LLC purchased a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $1,177,000. First Eagle Investment Management LLC purchased a new stake in shares of DoubleVerify during the third quarter valued at approximately $4,043,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of DoubleVerify during the third quarter worth $1,419,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 1.8%

Shares of NYSE:DV opened at $9.23 on Tuesday. The firm has a market cap of $1.42 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The company has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $10.45. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $16.82.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $205.59 million for the quarter, compared to analyst estimates of $208.77 million. DoubleVerify had a return on equity of 7.98% and a net margin of 7.16%.DoubleVerify’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group boosted their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada decreased 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. Wells Fargo & Company dropped their target price on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.70.

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.