DoubleVerify Holdings, Inc. $DV Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP raised its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 31.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,383,935 shares of the company’s stock after acquiring an additional 575,030 shares during the period. DoubleVerify comprises 1.3% of Invenomic Capital Management LP’s portfolio, making the stock its 20th biggest holding. Invenomic Capital Management LP’s holdings in DoubleVerify were worth $27,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fortress Investment Group LLC purchased a new stake in DoubleVerify during the third quarter valued at about $5,668,000. Elo Mutual Pension Insurance Co lifted its stake in DoubleVerify by 378.0% during the third quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock valued at $1,690,000 after buying an additional 111,522 shares in the last quarter. Penbrook Management LLC purchased a new stake in DoubleVerify during the fourth quarter valued at about $1,177,000. Dynamic Technology Lab Private Ltd purchased a new stake in DoubleVerify during the third quarter valued at about $1,419,000. Finally, First Eagle Investment Management LLC purchased a new stake in DoubleVerify during the third quarter valued at about $4,043,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. The Goldman Sachs Group upped their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Raymond James Financial reaffirmed an “outperform” rating and set a $14.00 price objective on shares of DoubleVerify in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reduced their price objective on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus target price of $15.70.

DoubleVerify Stock Performance

NYSE:DV opened at $10.41 on Thursday. The stock’s 50 day moving average price is $10.23 and its 200 day moving average price is $10.37. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $16.82. The company has a market capitalization of $1.60 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.18 and a beta of 1.00.

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.