The Manufacturers Life Insurance Company Invests $737,000 in DoubleVerify Holdings, Inc. $DV

The Manufacturers Life Insurance Company bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 68,027 shares of the company’s stock, valued at approximately $737,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in DoubleVerify by 19.6% in the second quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock valued at $250,973,000 after purchasing an additional 3,799,956 shares during the period. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after buying an additional 360,055 shares during the period. Mackenzie Financial Corp boosted its stake in shares of DoubleVerify by 1.3% during the fourth quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock worth $64,986,000 after buying an additional 74,051 shares during the period. AQR Capital Management LLC grew its holdings in shares of DoubleVerify by 123.4% during the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after buying an additional 2,902,169 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of DoubleVerify by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock worth $41,169,000 after buying an additional 363,005 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.1%

NYSE DV opened at $13.36 on Friday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 37.11, a P/E/G ratio of 1.45 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $15.56. The firm has a 50-day moving average price of $12.20 and a 200 day moving average price of $10.86. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01.

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

Analyst Upgrades and Downgrades

Several research firms have commented on DV. Weiss Ratings raised DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. BMO Capital Markets set a $13.60 target price on DoubleVerify in a research note on Friday, August 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $13.60 target price on shares of DoubleVerify in a report on Friday, August 21st. Citizens Jmp cut DoubleVerify from a “market outperform” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Nomura set a $13.60 price target on DoubleVerify in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Hold” and an average target price of $13.52.

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.