AlphaQuest LLC Has $1.35 Million Stock Holdings in DoubleVerify Holdings, Inc. $DV

AlphaQuest LLC increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 438.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,241 shares of the company’s stock after purchasing an additional 91,386 shares during the quarter. AlphaQuest LLC’s holdings in DoubleVerify were worth $1,345,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of DoubleVerify during the second quarter worth $42,000. Farther Finance Advisors LLC boosted its stake in DoubleVerify by 3,035.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after purchasing an additional 3,066 shares during the period. GAMMA Investing LLC increased its holdings in DoubleVerify by 176.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock worth $51,000 after purchasing an additional 2,180 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of DoubleVerify by 223.1% in the 2nd quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock valued at $56,000 after purchasing an additional 2,583 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of DoubleVerify by 253.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after purchasing an additional 2,660 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of DV opened at $10.80 on Friday. The company has a market cap of $1.74 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. The firm has a 50-day moving average of $10.96 and a 200-day moving average of $12.45. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $23.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98.

DoubleVerify (NYSE:DV) last issued its 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. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The business had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. During the same period last year, the business posted $0.10 EPS. DoubleVerify’s revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on DV. Morgan Stanley increased their price objective on DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Truist Financial reduced their price target on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Stifel Nicolaus lowered their price objective on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, November 10th. The Goldman Sachs Group restated a “neutral” rating and set a $13.50 target price on shares of DoubleVerify in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, DoubleVerify has a consensus rating of “Hold” and an average price target 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.