Susquehanna Fundamental Investments LLC Invests $1.57 Million in DoubleVerify Holdings, Inc. $DV

Susquehanna Fundamental Investments LLC bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the second quarter, Holdings Channel.com reports. The fund bought 145,238 shares of the company’s stock, valued at approximately $1,574,000.

A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. grew its position in DoubleVerify by 19.6% in the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock worth $250,973,000 after purchasing an additional 3,799,956 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of DoubleVerify by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after purchasing an additional 360,055 shares during the period. Mackenzie Financial Corp raised its position in shares of DoubleVerify by 1.3% during the fourth quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock valued at $64,986,000 after buying an additional 74,051 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of DoubleVerify by 123.4% in the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after buying an additional 2,902,169 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of DoubleVerify by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock valued at $41,169,000 after buying an additional 363,005 shares during the period. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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. Raymond James Financial downgraded DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Wells Fargo & Company raised DoubleVerify from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $8.00 to $13.60 in a report on Friday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. Finally, The Goldman Sachs Group upped their target price on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.52.

DoubleVerify Stock Performance

NYSE:DV opened at $13.37 on Wednesday. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $16.28. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.07 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The firm has a 50-day moving average price of $12.02 and a 200 day moving average price of $10.78.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The company had revenue of $193.79 million for the quarter, compared to the consensus estimate of $202.23 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

DoubleVerify 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.