Summit Creek Advisors LLC Buys 211,228 Shares of DoubleVerify Holdings, Inc. $DV

Summit Creek Advisors LLC increased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 98.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 425,310 shares of the company’s stock after buying an additional 211,228 shares during the quarter. Summit Creek Advisors LLC’s holdings in DoubleVerify were worth $5,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. TradeLink Capital LLC bought a new stake in DoubleVerify during the 2nd quarter worth approximately $607,000. Gagnon Securities LLC lifted its stake in DoubleVerify by 280.9% in the second quarter. Gagnon Securities LLC now owns 365,000 shares of the company’s stock worth $5,464,000 after purchasing an additional 269,170 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in DoubleVerify by 18.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 768,230 shares of the company’s stock valued at $11,500,000 after acquiring an additional 117,161 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in shares of DoubleVerify by 99.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock worth $22,417,000 after buying an additional 747,252 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of DoubleVerify by 58.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 136,978 shares of the company’s stock valued at $2,051,000 after acquiring an additional 50,306 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Up 1.4%

NYSE:DV opened at $11.08 on Monday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $23.11. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $12.89.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.09 by $0.13. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The company had revenue of $188.62 million for the quarter, compared to the consensus estimate of $190.43 million. During the same quarter last year, the firm posted $0.10 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on DV. Morgan Stanley decreased their target price on DoubleVerify from $16.50 to $15.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Wells Fargo & Company dropped their price target on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 21st. Barclays dropped their target price on shares of DoubleVerify from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Canaccord Genuity Group dropped their price objective on DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Zacks Research raised DoubleVerify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, DoubleVerify has an average rating of “Moderate Buy” and a consensus target price of $16.38.

DoubleVerify Company 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.