DoubleVerify Holdings, Inc. $DV Shares Acquired by Gagnon Advisors LLC

Gagnon Advisors LLC raised its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 625,770 shares of the company’s stock after purchasing an additional 312,885 shares during the period. DoubleVerify accounts for 4.6% of Gagnon Advisors LLC’s holdings, making the stock its 9th biggest holding. Gagnon Advisors LLC’s holdings in DoubleVerify were worth $7,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Cooper Creek Partners Management LLC acquired a new stake in shares of DoubleVerify in the 2nd quarter valued at about $38,325,000. SG Capital Management LLC bought a new position in DoubleVerify in the second quarter worth approximately $33,642,000. Norges Bank acquired a new stake in DoubleVerify in the second quarter valued at approximately $23,640,000. Arohi Asset Management PTE Ltd. bought a new stake in shares of DoubleVerify during the second quarter valued at approximately $17,214,000. Finally, Assenagon Asset Management S.A. raised its position in shares of DoubleVerify by 40.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock worth $43,397,000 after purchasing an additional 1,049,726 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE DV opened at $11.10 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 44.38, a PEG ratio of 0.72 and a beta of 0.98. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $10.95 and its 200-day moving average price is $12.50. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $23.11.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The business had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.DoubleVerify’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. On average, equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on DV shares. Scotiabank reissued an “outperform” rating on shares of DoubleVerify in a research report on Monday, November 10th. Barclays reiterated an “equal weight” rating and set a $12.00 price objective on shares of DoubleVerify in a report on Monday, January 12th. Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, November 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $13.50 price target on shares of DoubleVerify in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada lowered their price objective on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.41.

DoubleVerify 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.