DoubleVerify Holdings, Inc. $DV Stock: Private Management Group Inc. Decreases Position

Private Management Group Inc. lessened its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 45.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 960,426 shares of the company’s stock after selling 809,704 shares during the quarter. Private Management Group Inc.’s holdings in DoubleVerify were worth $12,956,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of DoubleVerify by 19.6% during the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock valued at $250,973,000 after acquiring an additional 3,799,956 shares during the period. State Street Corp increased its stake in shares of DoubleVerify by 23.3% during the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company’s stock worth $58,267,000 after purchasing an additional 1,014,027 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of DoubleVerify by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock worth $41,169,000 after purchasing an additional 363,005 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of DoubleVerify in the 2nd quarter worth approximately $31,333,000. Finally, First Trust Advisors LP raised its holdings in shares of DoubleVerify by 42.3% in the 1st quarter. First Trust Advisors LP now owns 1,261,399 shares of the company’s stock worth $11,983,000 after purchasing an additional 374,962 shares during the period. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 0.0%

NYSE:DV opened at $13.55 on Tuesday. DoubleVerify Holdings, Inc. has a 1 year low of $8.60 and a 1 year high of $13.65. The stock’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $11.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.69 and a quick ratio of 4.50. The company has a market cap of $2.12 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.46 and a beta of 0.93.

Analyst Ratings Changes

DV has been the topic of several research analyst reports. Royal Bank Of Canada downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $14.00 to $13.60 in a research note on Friday, August 7th. Scotiabank downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $15.00 to $13.60 in a research report on Friday, August 7th. Nomura set a $13.60 target price on DoubleVerify in a research note on Friday, August 7th. Weiss Ratings upgraded DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. cut DoubleVerify from an “overweight” rating to a “neutral” rating and set a $13.60 price target on the stock. in a research report on Friday, August 21st. Fourteen investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.52.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides digital media measurement, analytics and optimization services for advertisers, agencies and publishers. Its technology helps clients assess whether digital ads are viewable, free from fraudulent activity and delivered in brand-safe environments across channels such as websites, mobile apps, social media and connected TV.

The company’s offerings include verification and performance measurement tools, as well as products designed to help advertisers evaluate and optimize media campaigns.