Federated Hermes Inc. Has $18.91 Million Holdings in DoubleVerify Holdings, Inc. $DV

Federated Hermes Inc. trimmed its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 4.3% during the third quarter, Holdings Channel.com reports. The fund owned 1,578,053 shares of the company’s stock after selling 70,899 shares during the quarter. Federated Hermes Inc.’s holdings in DoubleVerify were worth $18,905,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of DoubleVerify by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after purchasing an additional 754 shares in the last quarter. Woodline Partners LP boosted its stake in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after buying an additional 762 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in DoubleVerify by 5.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock worth $230,000 after buying an additional 785 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in DoubleVerify by 3.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock worth $518,000 after buying an additional 1,028 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in DoubleVerify by 11.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,561 shares of the company’s stock worth $162,000 after acquiring an additional 1,403 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Down 2.6%

DV stock opened at $10.80 on Friday. The stock has a market capitalization of $1.74 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $23.11. The firm has a 50-day moving average price of $10.96 and a 200-day moving average price of $12.47.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DV has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their target price on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, October 21st. Scotiabank reaffirmed an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $13.50 price objective on shares of DoubleVerify in a research note on Tuesday, October 14th. Truist Financial decreased their target price on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Stifel Nicolaus dropped their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.41.

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.