Fortress Investment Group LLC Makes New $5.67 Million Investment in DoubleVerify Holdings, Inc. $DV

Fortress Investment Group LLC purchased a new position in DoubleVerify Holdings, Inc. (NYSE:DV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 473,152 shares of the company’s stock, valued at approximately $5,668,000. DoubleVerify accounts for approximately 0.8% of Fortress Investment Group LLC’s investment portfolio, making the stock its 24th largest position.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System increased its position in shares of DoubleVerify by 0.6% during the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after buying an additional 754 shares during the period. Woodline Partners LP lifted its holdings in 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 boosted 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 valued at $230,000 after acquiring an additional 785 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 valued at $518,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in DoubleVerify by 210.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after acquiring an additional 1,392 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Down 1.6%

Shares of NYSE:DV opened at $10.20 on Monday. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $16.82. The stock’s 50 day moving average is $10.28 and its 200-day moving average is $11.23. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.16 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business had revenue of $205.59 million for the quarter, compared to the consensus estimate of $208.77 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DV. Royal Bank Of Canada lowered their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Barclays reaffirmed an “equal weight” rating and set a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Morgan Stanley lifted their target price on DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Wells Fargo & Company boosted their price target on DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Monday, March 2nd. Finally, Zacks Research cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating, five have assigned 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 a consensus price target of $15.88.

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.