Summit Global Investments Boosts Stake in DoubleVerify Holdings, Inc. $DV

Summit Global Investments grew its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 420.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,226 shares of the company’s stock after purchasing an additional 42,185 shares during the period. Summit Global Investments’ holdings in DoubleVerify were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DV. Bank of Montreal Can lifted its position in DoubleVerify by 2,028.9% in the fourth quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock valued at $41,756,000 after buying an additional 3,478,542 shares during the last quarter. AQR Capital Management LLC increased its position in shares of DoubleVerify by 123.4% during the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after acquiring an additional 2,902,169 shares during the last quarter. SG Capital Management LLC increased its position in shares of DoubleVerify by 202.1% during the fourth quarter. SG Capital Management LLC now owns 1,020,892 shares of the company’s stock valued at $11,679,000 after acquiring an additional 2,020,892 shares during the last quarter. Boston Partners purchased a new stake in shares of DoubleVerify in the 4th quarter valued at approximately $20,642,000. Finally, Arohi Asset Management PTE Ltd. acquired a new position in shares of DoubleVerify in the 2nd quarter worth approximately $17,214,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Trading Down 0.0%

NYSE DV opened at $13.29 on Friday. The firm has a 50 day simple moving average of $11.30 and a 200-day simple moving average of $10.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.50. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.44. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 1.59 and a beta of 0.98.

Analyst Ratings Changes

DV has been the subject of a number of research analyst reports. Citizens Jmp cut shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research report on Friday, August 7th. BMO Capital Markets set a $13.60 target price on DoubleVerify in a research report on Friday, August 7th. Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. Finally, Scotiabank cut DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $15.00 to $13.60 in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Hold” and an average price target of $14.18.

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.