Nisa Investment Advisors LLC Raises Stock Position in DoubleVerify Holdings, Inc. $DV

Nisa Investment Advisors LLC grew its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 7,387.9% during the third quarter, HoldingsChannel reports. The firm owned 101,087 shares of the company’s stock after buying an additional 99,737 shares during the period. Nisa Investment Advisors LLC’s holdings in DoubleVerify were worth $1,211,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Baird Financial Group Inc. acquired a new stake in DoubleVerify in the first quarter valued at approximately $154,000. Woodline Partners LP grew its stake in DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DoubleVerify by 10.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after purchasing an additional 43,343 shares during the last quarter. Parallel Advisors LLC raised its position in shares of DoubleVerify by 572.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of DoubleVerify by 13.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,406 shares of the company’s stock valued at $425,000 after buying an additional 3,261 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DV shares. Morgan Stanley upped their price target on shares of DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday. Needham & Company LLC reduced their price target on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Canaccord Genuity Group lowered their price objective on DoubleVerify from $24.00 to $18.00 and set a “buy” rating for the company in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their price target on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.41.

DoubleVerify Price Performance

Shares of NYSE DV opened at $10.63 on Thursday. The firm’s 50-day simple moving average is $10.86 and its 200 day simple moving average is $12.82. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.71 billion, a P/E ratio of 42.52, a P/E/G ratio of 0.72 and a beta of 0.98. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $23.11.

DoubleVerify (NYSE:DV) last announced its 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. The firm had revenue of $188.62 million for the quarter, compared to analysts’ expectations of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. Equities analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

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.