Tocqueville Asset Management L.P. Acquires Shares of 480,500 DoubleVerify Holdings, Inc. $DV

Tocqueville Asset Management L.P. acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 480,500 shares of the company’s stock, valued at approximately $5,209,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after acquiring an additional 1,492 shares during the period. UMB Bank n.a. increased its position in DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after acquiring an additional 1,528 shares during the period. Bayforest Capital Ltd acquired a new stake in DoubleVerify in the 2nd quarter worth about $36,000. Clearstead Advisors LLC raised its stake in DoubleVerify by 81.2% in the 4th quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock worth $43,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in DoubleVerify by 121.9% in the 4th quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock valued at $54,000 after purchasing an additional 2,581 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.2%

Shares of DoubleVerify stock opened at $13.31 on Friday. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $16.44. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 1.39 and a beta of 0.98. The firm’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $10.58.

DoubleVerify (NYSE:DV) last issued its earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The company had revenue of $193.79 million during the quarter, compared to analysts’ expectations of $202.23 million. During the same period in the previous year, the company earned $0.05 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that DoubleVerify Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DV has been the topic of a number of analyst reports. BMO Capital Markets set a $13.60 target price on shares of DoubleVerify in a research report on Friday, August 7th. Wells Fargo & Company upgraded shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $8.00 to $13.60 in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Friday, July 17th. Truist Financial downgraded DoubleVerify from a “buy” rating to a “hold” rating and reduced their price target for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. Finally, Nomura set a $13.60 price objective on DoubleVerify in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, DoubleVerify has an average rating of “Hold” and an average price target of $14.18.

About DoubleVerify

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.