UBS Group AG Lowers Stock Position in DoubleVerify Holdings, Inc. $DV

UBS Group AG lowered its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 44.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 572,783 shares of the company’s stock after selling 460,262 shares during the period. UBS Group AG’s holdings in DoubleVerify were worth $6,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 valued at $169,045,000 after purchasing an additional 360,055 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of DoubleVerify by 2.6% in the third quarter. Van Berkom & Associates Inc. now owns 3,739,071 shares of the company’s stock valued at $44,794,000 after purchasing an additional 95,235 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of DoubleVerify by 24.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,736,411 shares of the company’s stock valued at $44,764,000 after purchasing an additional 743,825 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in DoubleVerify by 42.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,895,694 shares of the company’s stock worth $34,690,000 after buying an additional 863,899 shares during the last quarter. Finally, Amundi increased its holdings in DoubleVerify by 48.9% during the third quarter. Amundi now owns 2,321,192 shares of the company’s stock worth $26,253,000 after buying an additional 762,394 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $9.42 on Wednesday. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82. The company has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $10.44. The company has a market capitalization of $1.44 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05.

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

Wall Street Analyst Weigh In

DV has been the subject of a number of research analyst reports. The Goldman Sachs Group raised 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. Canaccord Genuity Group decreased their price objective on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. Raymond James Financial restated an “outperform” rating and set a $14.00 price objective on shares of DoubleVerify in a report on Thursday, May 7th. Wells Fargo & Company decreased their price objective on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.70.

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.