Russell Investments Group Ltd. Acquires 143,429 Shares of DoubleVerify Holdings, Inc. $DV

Russell Investments Group Ltd. boosted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 92.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,346 shares of the company’s stock after purchasing an additional 143,429 shares during the period. Russell Investments Group Ltd. owned about 0.20% of DoubleVerify worth $3,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DV. Vanguard Group Inc. grew its position in shares of DoubleVerify by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after buying an additional 360,055 shares during the last quarter. Diversified Investment Strategies LLC purchased a new position in shares of DoubleVerify during the first quarter valued at approximately $3,246,000. Ruffer LLP bought a new position in shares of DoubleVerify during the fourth quarter valued at approximately $7,399,000. Empowered Funds LLC bought a new position in shares of DoubleVerify during the first quarter valued at approximately $1,687,000. Finally, Quantinno Capital Management LP lifted its stake in DoubleVerify by 181.5% in the first quarter. Quantinno Capital Management LP now owns 426,329 shares of the company’s stock worth $4,050,000 after acquiring an additional 274,896 shares during the period. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 0.0%

Shares of NYSE DV opened at $13.29 on Friday. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $16.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.77. The firm has a 50-day moving average of $11.30 and a 200 day moving average of $10.52. The stock has a market cap of $2.06 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Raymond James Financial cut shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Truist Financial cut shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. Royal Bank Of Canada lowered shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $14.00 to $13.60 in a research note on Friday, August 7th. Finally, Scotiabank cut shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $15.00 to $13.60 in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.18.

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.