Sunriver Management LLC Sells 166,718 Shares of DoubleVerify Holdings, Inc. $DV

Sunriver Management LLC lowered its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 9.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,523,175 shares of the company’s stock after selling 166,718 shares during the period. DoubleVerify comprises 2.0% of Sunriver Management LLC’s holdings, making the stock its 21st largest holding. Sunriver Management LLC’s holdings in DoubleVerify were worth $18,248,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Clearstead Advisors LLC grew its stake in shares of DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after purchasing an additional 1,392 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of DoubleVerify in the 2nd quarter valued at about $42,000. Hantz Financial Services Inc. increased its stake in shares of DoubleVerify by 178.9% in the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after buying an additional 2,211 shares during the period. Tower Research Capital LLC TRC increased its stake 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 buying an additional 2,660 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in shares of DoubleVerify during the third quarter worth about $51,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Down 0.4%

DV stock traded down $0.05 during mid-day trading on Friday, reaching $10.32. The company’s stock had a trading volume of 65,984 shares, compared to its average volume of 2,718,210. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The business’s 50 day moving average price is $10.30 and its 200 day moving average price is $11.34. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98.

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

Analyst Ratings Changes

DV has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Zacks Research lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Canaccord Genuity Group reduced their price objective on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company increased their price objective on shares of DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, March 2nd. Finally, Barclays reissued an “equal weight” rating and set a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.