DoubleVerify Holdings, Inc. $DV Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 84.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,154 shares of the company’s stock after selling 363,919 shares during the quarter. WINTON GROUP Ltd’s holdings in DoubleVerify were worth $750,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Diversified Investment Strategies LLC acquired a new stake in shares of DoubleVerify in the 1st quarter worth $3,246,000. Quantinno Capital Management LP increased its position in DoubleVerify by 181.5% during the 1st quarter. Quantinno Capital Management LP now owns 426,329 shares of the company’s stock valued at $4,050,000 after buying an additional 274,896 shares in the last quarter. Empowered Funds LLC acquired a new position in DoubleVerify during the 1st quarter valued at about $1,687,000. Pale Fire Capital SE purchased a new stake in DoubleVerify in the first quarter valued at about $1,050,000. Finally, Russell Investments Group Ltd. raised its stake in DoubleVerify by 92.0% in the second quarter. Russell Investments Group Ltd. now owns 299,346 shares of the company’s stock valued at $3,256,000 after buying an additional 143,429 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DV has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded DoubleVerify from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $8.00 to $13.60 in a research note on Friday, August 7th. BMO Capital Markets set a $13.60 price objective on shares of DoubleVerify in a research report on Friday, August 7th. Citizens Jmp cut shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research note on Friday, August 7th. Canaccord Genuity Group downgraded 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. Finally, Truist Financial lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $13.60 in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.52.

DoubleVerify Stock Up 0.8%

Shares of DV stock opened at $13.52 on Tuesday. The stock’s 50-day simple moving average is $12.46 and its 200-day simple moving average is $11.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.50. The firm has a market capitalization of $2.09 billion, a PE ratio of 37.54, a P/E/G ratio of 1.46 and a beta of 0.99. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $13.65.

DoubleVerify (NYSE:DV) last released its earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $193.79 million during the quarter, compared to the consensus estimate of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Equities analysts expect that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are delivered in appropriate environments, viewed by real users and displayed as intended across digital channels.

The company’s solutions address areas including viewability, fraud and invalid traffic, brand safety and suitability, media quality, campaign reach and performance.