Bridgefront Capital LLC Increases Stock Holdings in DoubleVerify Holdings, Inc. $DV

Bridgefront Capital LLC increased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 179.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,280 shares of the company’s stock after acquiring an additional 54,737 shares during the quarter. Bridgefront Capital LLC owned about 0.05% of DoubleVerify worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in DoubleVerify by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock valued at $1,993,000 after purchasing an additional 754 shares during the period. Woodline Partners LP increased its holdings in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of DoubleVerify by 5.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock worth $230,000 after buying an additional 785 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DoubleVerify by 3.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock valued at $518,000 after buying an additional 1,028 shares during the period. Finally, Clearstead Advisors LLC grew its position in DoubleVerify by 210.0% during the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after buying an additional 1,392 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DV. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Morgan Stanley upped their price objective on shares of DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada lowered 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 boosted their price target on shares of DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, March 2nd. Finally, Canaccord Genuity Group decreased their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus target price of $15.88.

DoubleVerify Trading Down 1.6%

Shares of DoubleVerify stock opened at $10.20 on Friday. The firm has a market capitalization of $1.65 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The business’s 50-day moving average price is $10.28 and its 200-day moving average price is $11.27.

DoubleVerify (NYSE:DV) last released its earnings results 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 firm had revenue of $205.59 million during the quarter, compared to the consensus estimate of $208.77 million. DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. As a group, analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal 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.