83,291 Shares in DoubleVerify Holdings, Inc. $DV Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 83,291 shares of the company’s stock, valued at approximately $998,000.

A number of other hedge funds also recently modified their holdings of DV. Hantz Financial Services Inc. boosted its position 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 worth $41,000 after buying an additional 2,211 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in DoubleVerify during the 2nd quarter worth about $42,000. Atlantic Union Bankshares Corp acquired a new stake in DoubleVerify during the 3rd quarter worth about $51,000. Bessemer Group Inc. grew its stake in DoubleVerify by 223.1% during the 2nd quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock valued at $56,000 after acquiring an additional 2,583 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of DoubleVerify by 253.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after purchasing an additional 2,660 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Up 2.7%

DoubleVerify stock opened at $9.58 on Thursday. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $23.02. The company’s fifty day moving average price is $10.67 and its two-hundred day moving average price is $11.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 0.61 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stifel Nicolaus decreased their price target on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays restated an “equal weight” rating and set a $12.00 price target on shares of DoubleVerify in a report on Monday, January 12th. Royal Bank Of Canada cut their price objective on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Truist Financial reduced their price objective on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Canaccord Genuity Group dropped their target price on DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.41.

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.