UBS Group AG Sells 460,262 Shares of DoubleVerify Holdings, Inc. $DV

UBS Group AG cut its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 44.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 572,783 shares of the company’s stock after selling 460,262 shares during the quarter. UBS Group AG owned 0.36% of DoubleVerify worth $6,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Invenomic Capital Management LP bought a new stake in shares of DoubleVerify in the 3rd quarter valued at $21,671,000. Arohi Asset Management PTE Ltd. bought a new stake in shares of DoubleVerify in the 2nd quarter valued at $17,214,000. Disciplined Growth Investors Inc. MN boosted its stake in shares of DoubleVerify by 42.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,895,694 shares of the company’s stock valued at $34,690,000 after purchasing an additional 863,899 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of DoubleVerify by 291.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,136,257 shares of the company’s stock valued at $17,010,000 after purchasing an additional 845,857 shares during the last quarter. Finally, Amundi boosted its stake in shares of DoubleVerify by 48.9% in the 3rd quarter. Amundi now owns 2,321,192 shares of the company’s stock valued at $26,253,000 after purchasing an additional 762,394 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DV has been the topic of several research analyst reports. The Goldman Sachs Group increased their target price on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Royal Bank Of Canada cut their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company dropped their price objective on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average target price of $15.70.

DoubleVerify Trading Up 1.6%

DoubleVerify stock opened at $9.42 on Wednesday. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $16.82. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05. The firm’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $10.44.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $205.59 million during the quarter, compared to the consensus estimate of $208.77 million. DoubleVerify had a net margin of 7.16% and a return on equity of 7.98%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.57 EPS for the current year.

DoubleVerify Company 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.