47,176 Shares of DoubleVerify Holdings, Inc. $DV Acquired by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,176 shares of the company’s stock, valued at approximately $636,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in DoubleVerify by 38.7% during the third quarter. GAMMA Investing LLC now owns 10,056 shares of the company’s stock worth $136,000 after acquiring an additional 2,806 shares during the last quarter. State Street Corp lifted its holdings in shares of DoubleVerify by 23.3% in the second quarter. State Street Corp now owns 5,375,150 shares of the company’s stock valued at $58,267,000 after purchasing an additional 1,014,027 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of DoubleVerify by 122.4% in the second quarter. The Manufacturers Life Insurance Company now owns 68,027 shares of the company’s stock valued at $737,000 after purchasing an additional 37,439 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of DoubleVerify in the second quarter valued at approximately $205,000. Finally, Nykredit A S purchased a new position in shares of DoubleVerify during the 2nd quarter worth approximately $32,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DV has been the subject of several research reports. Raymond James Financial downgraded DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Citizens Jmp cut DoubleVerify from a “market outperform” rating to a “hold” rating in a report on Friday, August 7th. JPMorgan Chase & Co. downgraded DoubleVerify from an “overweight” rating to a “neutral” rating and set a $13.60 price target for the company. in a research report on Friday, August 21st. Nomura set a $13.60 price target on DoubleVerify in a report on Friday, August 7th. Finally, BMO Capital Markets set a $13.60 price objective on DoubleVerify in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.52.

DoubleVerify Stock Up 0.3%

Shares of NYSE DV opened at $13.56 on Friday. The stock has a market capitalization of $2.10 billion, a PE ratio of 37.68, a P/E/G ratio of 1.46 and a beta of 0.99. 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 fifty day moving average of $13.44 and a 200-day moving average of $11.31. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $13.65.

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

DoubleVerify Profile

DoubleVerify Holdings, Inc (NYSE: DV) 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 viewable, delivered in suitable environments and seen by legitimate audiences.

The company’s solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.