145,238 Shares in DoubleVerify Holdings, Inc. $DV Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 145,238 shares of the company’s stock, valued at approximately $1,574,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of DoubleVerify as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of DoubleVerify by 19.6% during the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock worth $250,973,000 after purchasing an additional 3,799,956 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of DoubleVerify by 2.5% during the 4th 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 in the last quarter. Mackenzie Financial Corp lifted its stake in shares of DoubleVerify by 1.3% in the 4th quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock valued at $64,986,000 after purchasing an additional 74,051 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of DoubleVerify by 123.4% in the 4th quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after purchasing an additional 2,902,169 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in DoubleVerify by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock worth $41,169,000 after purchasing an additional 363,005 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on DV. Truist Financial lowered DoubleVerify from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $13.60 in a report on Friday, August 7th. Citizens Jmp downgraded DoubleVerify from a “market outperform” rating to a “hold” rating in a research note on Friday, August 7th. Canaccord Genuity Group lowered DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the company from $16.00 to $13.60 in a report on Friday, August 7th. Royal Bank Of Canada downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $14.00 to $13.60 in a research note on Friday, August 7th. Finally, Scotiabank lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $15.00 to $13.60 in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.52.

DoubleVerify Stock Performance

Shares of DV opened at $13.37 on Wednesday. The company has a market capitalization of $2.07 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.28. The company’s fifty day moving average price is $12.02 and its 200 day moving average price is $10.78.

DoubleVerify (NYSE:DV) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $193.79 million during the quarter, compared to analysts’ expectations of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. As a group, analysts expect that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current year.

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.