Quantbot Technologies LP Raises Stock Position in DoubleVerify Holdings, Inc. $DV

Quantbot Technologies LP grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 21.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,839 shares of the company’s stock after purchasing an additional 62,662 shares during the quarter. Quantbot Technologies LP owned about 0.22% of DoubleVerify worth $5,327,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in DoubleVerify by 572.1% in the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after buying an additional 2,031 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of DoubleVerify during the 2nd quarter worth approximately $42,000. Farther Finance Advisors LLC raised its position in shares of 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 acquiring an additional 3,066 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of DoubleVerify by 176.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock valued at $51,000 after purchasing an additional 2,180 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of DoubleVerify by 223.1% during the second 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 in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $10.75 on Wednesday. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $23.11. The firm’s 50-day moving average is $11.06 and its 200 day moving average is $13.49. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 1.76 and a beta of 0.99. 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, topping 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 analysts’ expectations of $190.43 million. During the same period in the previous year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DV has been the topic of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price target on shares of DoubleVerify in a research note on Tuesday, September 2nd. Stifel Nicolaus reduced their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Canaccord Genuity Group decreased their price target on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, November 10th. BMO Capital Markets reissued an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Finally, Needham & Company LLC cut their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.38.

Insider Activity at DoubleVerify

In other DoubleVerify news, Director Lucy Stamell Dobrin sold 6,392 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the completion of the transaction, the insider owned 96,301 shares of the company’s stock, valued at $1,250,949.99. This represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,488 shares of company stock worth $157,255 over the last ninety days. 3.00% of the stock is currently owned by insiders.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.