Riverbridge Partners LLC Reduces Stock Position in DoubleVerify Holdings, Inc. $DV

Riverbridge Partners LLC cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,661,695 shares of the company’s stock after selling 382,493 shares during the period. Riverbridge Partners LLC owned 1.03% of DoubleVerify worth $19,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van Berkom & Associates Inc. lifted its position in shares of DoubleVerify by 2.6% during the third quarter. Van Berkom & Associates Inc. now owns 3,739,071 shares of the company’s stock worth $44,794,000 after acquiring an additional 95,235 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of DoubleVerify by 24.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,736,411 shares of the company’s stock valued at $44,764,000 after purchasing an additional 743,825 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of DoubleVerify by 40.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock valued at $43,397,000 after purchasing an additional 1,049,726 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in shares of DoubleVerify by 42.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,895,694 shares of the company’s stock valued at $34,690,000 after purchasing an additional 863,899 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new stake in DoubleVerify during the 2nd quarter worth about $38,325,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $9.83 on Friday. The company’s fifty day moving average price is $10.12 and its 200-day moving average price is $10.93. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.12 and a beta of 0.98. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The company had revenue of $205.59 million for the quarter, compared to the consensus estimate of $208.77 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on DV. Zacks Research lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Wells Fargo & Company raised their price objective on shares of DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Monday, March 2nd. Morgan Stanley boosted their price objective on shares of DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Royal Bank Of Canada lowered their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.88.

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.